USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CHF and closed at 0.9764.
The Swiss Franc gained ground, after Switzerland’s KOF leading indicator rose to a level of 102.4 in June, from a revised reading of 101.8 in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9757, with the USD trading 0.07% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9714, and a fall through could take it to the next support level of 0.9670. The pair is expected to find its first resistance at 0.9810, and a rise through could take it to the next resistance level of 0.9862.
Going ahead, investors will look forward to Switzerland’s real retail sales and the SVME-purchasing managers’ index data, scheduled to release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
