USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CHF and closed at 0.9641.
In the Asian session, at GMT0300, the pair is trading at 0.9650, with the USD trading 0.09% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9627, and a fall through could take it to the next support level of 0.9605. The pair is expected to find its first resistance at 0.968, and a rise through could take it to the next resistance level of 0.9711.
Moving ahead, investors will look forward to Switzerland’s consumer price index data for June, slated to release in a few hours.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
