USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CHF and closed at 0.9762 on Friday.
On the macro front, Switzerland’s KOF economic barometer unexpectedly slid to a level of 93.6 in June, defying market consensus for a gain to a level of 94.8. In the previous month, the KOF economic barometer had registered a revised reading of 93.8.
In the Asian session, at GMT0300, the pair is trading at 0.9810, with the USD trading 0.49% higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9763, and a fall through could take it to the next support level of 0.9715. The pair is expected to find its first resistance at 0.9834, and a rise through could take it to the next resistance level of 0.9857.
Moving ahead, investors would keep an eye on Switzerland’s real retail sales for May and the Markit manufacturing PMI for June, scheduled to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
