USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.3% against the CHF and closed at 0.9725.
On the economic front, Switzerland’s total sight deposits stood at CHF578.2 billion in the week ended 23 June, up from CHF577.4 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9720, with the USD trading marginally lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9692, and a fall through could take it to the next support level of 0.9664. The pair is expected to find its first resistance at 0.9743, and a rise through could take it to the next resistance level of 0.9766.
With no economic releases in Switzerland today, investor sentiment would be determined by global macroeconomic factors.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
