USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.34% against the CHF and closed at 0.9764.
In the Asian session, at GMT0300, the pair is trading at 0.9767, with the USD trading a tad higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9738, and a fall through could take it to the next support level of 0.9710. The pair is expected to find its first resistance at 0.9802, and a rise through could take it to the next resistance level of 0.9838.
Moving ahead, investors would focus on Switzerland’s ZEW survey-expectations for August, slated to release in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
