USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.20% against the CHF and closed at 0.9810. The CHF lost ground after the SECO’s consumer climate index for Switzerland slumped to -19.00 in 2Q 2015. The index had recorded a reading of -6.00 in the prior quarter.
In the Asian session, at GMT0300, the pair is trading at 0.9810, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 0.9769, and a fall through could take it to the next support level of 0.9728. The pair is expected to find its first resistance at 0.9850, and a rise through could take it to the next resistance level of 0.9890.
Trading trends in the Swiss France today are expected to be determined by the country’s unemployment rate, scheduled to release in a few hours
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
