USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.63% against the CHF and closed at 0.8448.
In Switzerland, the consumer price inflation, on annual basis, rose to 0.6% in June compared to a rate of 0.4% recorded in the previous month.
In the Asian session, at 3:00GMT, the pair is trading at 0.8443, 0.06% lower from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8499, followed by the next resistance at 0.8556. The first area of support is at 0.8383 level, with the subsequent support at 0.8324.
The pair is expected to trade on the cues from the release of data on unemployment rate in Switzerland.
The currency pair is showing convergence with its 20 Hr and is trading just above its 50 Hr moving average.
