USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.8982.
The Swiss Franc lost ground, after the ZEW survey reported that economic expectations in Switzerland declined to 18-month low level of 0.1 in July, compared to a reading of 4.8 in the prior month. Markets were anticipating the economic expectations index to climb to 5.0.
In the Asian session, at GMT0300, the pair is trading at 0.8979, with the USD trading tad lower from yesterday’s close.
The pair is expected to find support at 0.8959, and a fall through could take it to the next support level of 0.8939. The pair is expected to find its first resistance at 0.8995, and a rise through could take it to the next resistance level of 0.9011.
Trading trends in the pair today are expected to be determined by external news, amid no economic releases from Switzerland scheduled ahead in the today.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
