USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 1.02% against the CHF and closed at 0.8421.
In the US, the Institute for Supply Management reported that its business barometer rose to a reading of 61.1 in June, compared to a reading of 56.6 posted in May.
In the Asian session, at 3:00GMT, the pair is trading at 0.8415, 0.07% lower from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8484, followed by the next resistance at 0.8553. The first area of support is at 0.8326 level, with the subsequent support at 0.8237.
Trading trends in the pair today are expected to be determined by Purchasing Manager Index(PMI) in Switzerland.
The currency pair is trading just above its 20 Hr moving average and its 50 Hr moving average.
