USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.1% against the CHF and closed at 0.9868.
On the data front, Switzerland’s ZEW survey of economic expectations index declined to a level of 5.9 in July, compared to a level of 19.4 in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9855, with the USD trading 0.13% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9833, and a fall through could take it to the next support level of 0.981. The pair is expected to find its first resistance at 0.9891, and a rise through could take it to the next resistance level of 0.9926.
Going ahead, investors will look forward to the release of Switzerland’s trade balance data, due in a few hours.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
