USDCHF Movement
For the 24 hours to 23:00 GMT, the USD slightly declined against the CHF and closed at 0.9596.
In economic news, Switzerland’s ZEW economic expectations index dropped to a level of 20.7 in June, after recording a reading of 30.8 in the prior month. On the other hand, the nation’s UBS consumption indicator climbed to a level of 1.39 in May, following a revised reading of 1.34 in the preceding month.
In the Asian session, at GMT0300, the pair is trading at 0.9580, with the USD trading 0.17% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9545, and a fall through could take it to the next support level of 0.951. The pair is expected to find its first resistance at 0.9631, and a rise through could take it to the next resistance level of 0.9682.
With no economic releases in Switzerland today, investors will look forward to global events for direction.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
