USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CHF and closed at 0.9961.
In the Asian session, at GMT0300, the pair is trading at 0.9977, with the USD trading 0.16% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9948, and a fall through could take it to the next support level of 0.9920. The pair is expected to find its first resistance at 0.9994, and a rise through could take it to the next resistance level of 1.0012.
Ahead in the day, market participants would keep a close watch on the Swiss National Bank’s (SNB) interest rate decision, due in a few hours. Moreover, Switzerland’s trade balance figures for May, will keep investors on their toes.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
