USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CHF and closed at 0.9691.
On the macro front, Switzerland’s KOF leading indicator improved more than expected and hit an 11-month high level of 99.8 in July, from a revised reading of 89.8 in June.
In the Asian session, at GMT0300, the pair is trading at 0.9674, with the USD trading 0.17% lower from yesterday’s close.
The pair is expected to find support at 0.9656, and a fall through could take it to the next support level of 0.9639. The pair is expected to find its first resistance at 0.9707, and a rise through could take it to the next resistance level of 0.974.
Looking ahead, market participants would closely monitor, Switzerland’s unemployment rate, slated to release in the next week.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
