USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 1.19% against the CHF and closed at 0.9812.
On the macro front, Switzerland’s seasonally adjusted trade surplus narrowed to CHF1.65 billion in May, following a revised surplus of CHF1.91 billion in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9815, with the USD trading a tad higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9767, and a fall through could take it to the next support level of 0.9718. The pair is expected to find its first resistance at 0.9889, and a rise through could take it to the next resistance level of 0.9962.
Looking ahead, traders would keep an eye on Switzerland’s M3 money supply for May, set to release in a while.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
