USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.10% against the CHF and closed at 1.0082.
Data showed that Switzerland’s KOF economic barometer dropped to a level of 94.4 in May, more than market consensus for a fall to a level of 96.0. The KOF economic barometer had recorded a level of 96.2 in the prior month.
In the Asian session, at GMT0300, the pair is trading at 1.0076, with the USD trading 0.06% lower against the CHF from yesterday’s close.
The pair is expected to find support at 1.0055, and a fall through could take it to the next support level of 1.0035. The pair is expected to find its first resistance at 1.0091, and a rise through could take it to the next resistance level of 1.0107.
With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic releases for further direction.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
