USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.54% against the CHF and closed at 0.9449, after the US retail sales unexpectedly weakened in June.
In the Asian session, at GMT0300, the pair is trading at 0.9458, with the USD trading 0.1% higher from yesterday’s close.
The pair is expected to find support at 0.9398, and a fall through could take it to the next support level of 0.9337. The pair is expected to find its first resistance at 0.9524, and a rise through could take it to the next resistance level of 0.9589.
Moving ahead, Switzerland’s ZEW economic survey data, scheduled in a few hours would be closely watched by market participants.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
