USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose slightly against the CHF and closed at 0.9925.
In the Asian session, at GMT0300, the pair is trading at 0.9933, with the USD trading 0.08% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9913, and a fall through could take it to the next support level of 0.9894. The pair is expected to find its first resistance at 0.9946, and a rise through could take it to the next resistance level of 0.9960.
Going ahead, traders would await Switzerland’s inflation data for June, scheduled to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
