USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.09% against the CHF and closed at 0.9540.
In economic news, Switzerland’s SECO consumer confidence index surprisingly declined to a level of -15.0 in 2Q 2016, compared to market expectations of a rise to a reading of -12.0. The index had registered a level of -14.0 in the prior quarter.
In the Asian session, at GMT0300, the pair is trading at 0.9569, with the USD trading 0.3% higher from yesterday’s close.
The pair is expected to find support at 0.9485, and a fall through could take it to the next support level of 0.9402. The pair is expected to find its first resistance at 0.9611, and a rise through could take it to the next resistance level of 0.9653.
The currency pair is trading above its 20 Hr and 50 Hr moving average.
