USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.66% against the CHF and closed at 0.9701.
In economic news, Switzerland’s total sight deposits inched down to a level of CHF493.5 billion for the week ended June 03, from CHF494.1 billion for the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9704, with the USD trading marginally higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9664, and a fall through could take it to the next support level of 0.9623. The pair is expected to find its first resistance at 0.9760, and a rise through could take it to the next resistance level of 0.9815.
Moving ahead, investors will look forward to Switzerland’s foreign currency reserves data for May, scheduled to release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
