USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CHF and closed at 0.9827.
In the Asian session, at GMT0300, the pair is trading at 0.9849, with the USD trading 0.22% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9820, and a fall through could take it to the next support level of 0.9791. The pair is expected to find its first resistance at 0.9866, and a rise through could take it to the next resistance level of 0.9883.
Moving ahead, investor would focus on Switzerland’s industrial production data for 2Q, slated to release in a while.
The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
