USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CHF and closed at 0.9446.
Data out from Switzerland showed that trade surplus widened to CHF2.73 billion in June, following a surplus of CHF2.1 billion in May. Market had expected a surplus of CHF2.4 billion.
In the Asian session, at GMT0300, the pair is trading at 0.942, with the USD trading 0.28% lower from yesterday’s close.
The pair is expected to find support at 0.9391, and a fall through could take it to the next support level of 0.9361. The pair is expected to find its first resistance at 0.9465, and a rise through could take it to the next resistance level of 0.9509.
The currency pair is trading below its 20 Hr and its 50 Hr moving averages.
