USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.70% against the CHF and closed at 0.9581.
In economic news, Switzerland’s consumer price index (CPI) advanced less-than-expected by 0.1% MoM in May, compared to a 0.3% rise in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9575, with the USD trading 0.06% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9546, and a fall through could take it to the next support level of 0.9518. The pair is expected to find its first resistance at 0.9631, and a rise through could take it to the next resistance level of 0.9688.
Going ahead, investors will look forward to Switzerland’s unemployment rate data for May, scheduled to release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
