USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.37% against the CHF and closed at 0.9645.
In the Asian session, at GMT0300, the pair is trading at 0.9701, with the USD trading 0.58% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9554, and a fall through could take it to the next support level of 0.9408. The pair is expected to find its first resistance at 0.9784, and a rise through could take it to the next resistance level of 0.9868.
Moving ahead, Switzerland’s KOF leading indicator data for July, due to release in a few hours, will be on investors’ radar.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
