USDCHF Movement
For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.9987.
In economic news, Switzerland’s total sight deposits slightly rose to a level of CHF578.5 billion in the week ended 14 June 2019, from CHF578.1 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9976, with the USD trading 0.11% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9961, and a fall through could take it to the next support level of 0.9947. The pair is expected to find its first resistance at 0.9995, and a rise through could take it to the next resistance level of 1.0015.
With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic releases for further direction.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
