USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.34% against the CHF and closed at 0.9651.
In the Asian session, at GMT0300, the pair is trading at 0.9661, with the USD trading 0.1% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9637, and a fall through could take it to the next support level of 0.9612. The pair is expected to find its first resistance at 0.9691, and a rise through could take it to the next resistance level of 0.972.
Ahead in the day, Switzerland’s industrial production data for the second quarter, set to release in a while, will be eyed by investors.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
