For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CHF and closed at 0.9515.
In economic news, data indicated that Switzerland’s ZEW economic expectations index climbed to a level of 34.7 in July. In the prior month, the index had registered a reading of 20.7. Moreover, the nation’s UBS consumption indicator rose to a level of 1.38 in June, compared to a revised level of 1.32 in the prior month.
In the Asian session, at GMT0300, the pair is trading at 0.9506, with the USD trading 0.09% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9472, and a fall through could take it to the next support level of 0.9437. The pair is expected to find its first resistance at 0.9568, and a rise through could take it to the next resistance level of 0.9629.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average
