USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.35% against the CHF and closed at 0.9515.
Macroeconomic data showed that Switzerland’s trade surplus narrowed to a level of CHF2.81 billion in June, following a revised trade surplus of CHF3.39 billion in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9515, with the USD trading flat against the CHF from yesterday’s close.
The pair is expected to find support at 0.9465, and a fall through could take it to the next support level of 0.9416. The pair is expected to find its first resistance at 0.9593, and a rise through could take it to the next resistance level of 0.9672.
Going forward, Switzerland’s UBS consumption indicator and KOF leading indicator data, both set to be released next week, will be on investors’ radar.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
