USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.13% against the CHF and closed at 0.9723.
In the US, the Chicago Fed national activity index rose lower-than-expected to -0.13 in July, compared to a reading of -0.34 in June.
In the Asian session, at GMT0300, the pair is trading at 0.9721, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9699, and a fall through could take it to the next support level of 0.9676. The pair is expected to find its first resistance at 0.9756, and a rise through could take it to the next resistance level of 0.9790.
With no major Swiss data scheduled for today, Swiss Franc is expected to take direction driven by movement in the greenback.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
