USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.6% against the CHF and closed at 0.9800.
In the Asian session, at GMT0300, the pair is trading at 0.9790, with the USD trading 0.1% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9762, and a fall through could take it to the next support level of 0.9734. The pair is expected to find its first resistance at 0.9841, and a rise through could take it to the next resistance level of 0.9892.
Moving ahead, investors will eye Switzerland’s KOF leading indicator data for July, scheduled to release in a few hours and which is widely expected to fall to 101.3 from 102.4 in June.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
