USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CHF and closed at 0.9719.
On the economic front, Switzerland trade surplus widened to a level of CHF3.40 billion in May, as exports grew faster than imports. The nation had reported a revised surplus of CHF1.96 billion in the prior month.
In the Asian session, at GMT0300, the pair is trading at 0.9711, with the USD trading 0.08% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9700, and a fall through could take it to the next support level of 0.9688. The pair is expected to find its first resistance at 0.9733, and a rise through could take it to the next resistance level of 0.9754.
Moving ahead, investors will eye Switzerland’s KOF institute summer economic forecast report, scheduled to release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
