USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.58% against the CHF and closed at 0.9527.
In the Asian session, at GMT0300, the pair is trading at 0.9522, with the USD trading a tad lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9475, and a fall through could take it to the next support level of 0.9427. The pair is expected to find its first resistance at 0.9551, and a rise through could take it to the next resistance level of 0.9579.
Moving ahead, market participants will closely monitor Switzerland’s UBS consumption indicator data for June, slated to release in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
