USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.92% against the CHF and closed at 0.8526.
In the US, the industrial production, on a monthly basis, rose by 0.1% in May, compared to a flat reading recorded in April. Meanwhile, the capacity utilisation stood at 76.7% in May, unchanged from the revised reading for the previous month.
In Switzerland, the producer and import price index, on an annual basis, declined by 0.4% in May, following a 0.1% rise recorded in the previous month.
In the Asian session, at 3:00GMT, the pair is trading at 0.8538, 0.14% higher from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8580, followed by the next resistance at 0.8621. The first area of support is at 0.8468 level, with the subsequent support at 0.8397.
SNB interest rate decision is likely to receive increased market attention, along with other economic data in Switzerland due to be released later today.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
