USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.54% against the CHF and closed at 0.9673.
In economic news, Switzerland’s UBS consumption indicator advanced to a level of 1.68 in June, following a revised reading of 1.62 in the prior month.
In the Asian session, at GMT0300, the pair is trading at 0.9688, with the USD trading 0.16% higher 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 0.9566. The pair is expected to find its first resistance at 0.9721, and a rise through could take it to the next resistance level of 0.9754.
Moving ahead, market participants look forward to the release of Switzerland’s KOF leading indicator data, scheduled in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
