USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CHF and closed at 0.9786, after Swiss real retail sales dropped or the second straight month in June, falling 0.90% YoY, after registering a revised decline of 1.0% in May.
In the Asian session, at GMT0300, the pair is trading at 0.9782, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9749, and a fall through could take it to the next support level of 0.9716. The pair is expected to find its first resistance at 0.9808, and a rise through could take it to the next resistance level of 0.9834.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
