USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.59% against the CHF and closed at 0.9638.
In economic news, Switzerland’s seasonally adjusted unemployment rate remained steady at 3.5% in May, in line with market expectations.
In the Asian session, at GMT0300, the pair is trading at 0.9642, with the USD trading marginally higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9592, and a fall through could take it to the next support level of 0.9543. The pair is expected to find its first resistance at 0.9673, and a rise through could take it to the next resistance level of 0.9705.
With no economic releases in Switzerland today, market participants will look forward to the Swiss National Bank’s (SNB) interest rate decision and financial stability report, along with the nation’s producer and import prices data and SECO economic forecasts report, all scheduled to release next week.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
