USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.21% against the CHF and closed at 0.9755.
On the economic front, Switzerland’s total sight deposits rose to a level of CHF577.4 billion in the week ended 16 June, from CHF576.4 billion registered in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9751, with the USD trading a tad lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9710, and a fall through could take it to the next support level of 0.9670. The pair is expected to find its first resistance at 0.9777, and a rise through could take it to the next resistance level of 0.9804.
Looking ahead, investors will closely monitor Switzerland’s SECO economic forecast report and a speech by the Swiss National Bank Chairman, Thomas Jordan, slated to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
