USDCHF Movement
For the 24 hours to 23:00 GMT, the USD traded slightly lower against the CHF and closed at 0.9621.
In the Asian session, at GMT0300, the pair is trading at 0.9609, with the USD trading 0.13% lower from yesterday’s close.
The pair is expected to find support at 0.9582, and a fall through could take it to the next support level of 0.9555. The pair is expected to find its first resistance at 0.9656, and a rise through could take it to the next resistance level of 0.9703.
Going forward, investors would closely monitor Switzerland’s UBS consumption indicator data, set for release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
