USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 1.46% against the CHF and closed at 0.9297.
Yesterday, Switzerland’s consumer price index (CPI) climbed 0.1% (MoM) in May, in line with the market expectation and compared to a flat change recorded in the previous month. Additionally, on a monthly basis, the EU harmonised consumer price index (HCPI) remained flat in May, following a decline of 0.1% in April.
In the Asian session, at GMT0300, the pair is trading at 0.9271, with the USD trading 0.28% lower from yesterday’s close.
The pair is expected to find support at 0.9186, and a fall through could take it to the next support level of 0.9102. The pair is expected to find its first resistance at 0.9395, and a rise through could take it to the next resistance level of 0.9520.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
