USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CHF and closed at 1.0017 on Friday.
On the data front, Switzerland’s producer and import price index rose 3.5% on a yearly basis in June, after registering a gain of 3.2% in the previous month.
In the Asian session, at GMT0300, the pair is trading at 1.0019, with the USD trading slightly higher against the CHF from Friday’s close.
The pair is expected to find support at 1.0000, and a fall through could take it to the next support level of 0.9981. The pair is expected to find its first resistance at 1.0053, and a rise through could take it to the next resistance level of 1.0087.
Going forward, traders would keep an eye on Switzerland’s total sight deposits, set to release in a while.
The currency pair is trading in between its 20 Hr and 50 Hr moving averages.
