USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CHF and closed at 0.939.
In the Asian session, at GMT0300, the pair is trading at 0.9383, with the USD trading 0.07% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9368, and a fall through could take it to the next support level of 0.9353. The pair is expected to find its first resistance at 0.9404, and a rise through could take it to the next resistance level of 0.9425.
Looking forward, traders would keep a watch on Switzerland’s trade balance for June, slated to release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
