USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined marginally against the CHF and closed at 0.8012.
In the US, the durable goods orders declined by 2.1% (M-o-M) in June, following a revised 1.9% increase recorded in May.
In Switzerland, the KOF institute reported that its economic barometer declined to 2.04 in July, following a reading of 2.23 posted in June.
In the Asian session, at 3:00GMT, the pair is trading at 0.8012, flat from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8045, followed by the next resistance at 0.8078. The first area of support is at 0.7985 level, with the subsequent support at 0.7958.
The currency pair is showing convergence with its 20 Hr and its 50 Hr moving averages.
