USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.92% against the CHF and closed at 0.9727.
On the data front, Switzerland’s SECO consumer climate index fell to a level of -39.3 in 2Q2020, compared to a reading of -9.4 in the prior quarter. Additionally, the consumer price index fell 1.1% on a yearly basis in April, recording to its lowest level since 2006 and compared to a fall of 0.5% in the prior month.
In the Asian session, at GMT0300, the pair is trading at 0.9727, with the USD trading flat against the CHF from yesterday’s close.
The pair is expected to find support at 0.9670, and a fall through could take it to the next support level of 0.9614. The pair is expected to find its first resistance at 0.9759, and a rise through could take it to the next resistance level of 0.9792.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
