USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 1.32% against the CHF and closed at 0.9258.
Yesterday, the SNB Chairman, Thomas Jordan, mentioned that the central bank intervened in the currency markets in a bid to restrain the Swiss Franc’s further appreciation, after Greece imposed capital controls and closed the country’s banks.
In the Asian session, at GMT0300, the pair is trading at 0.9275, with the USD trading 0.18% higher from yesterday’s close.
The pair is expected to find support at 0.9202, and a fall through could take it to the next support level of 0.9129. The pair is expected to find its first resistance at 0.9389, and a rise through could take it to the next resistance level of 0.9503.
Meanwhile, investors look forward to the release of Switzerland’s KOF leading indicator data, scheduled in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
