For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CHF and closed at 0.9758.
On the macro front, Switzerland’s KOF leading indicator fell more-than-anticipated to a level of 101.6 in May, compared to market expectations for a fall to a level of 105.8. In the prior month, the leading indicator had recorded a revised reading of 106.3.
In the Asian session, at GMT0300, the pair is trading at 0.9756, with the USD trading marginally lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9726, and a fall through could take it to the next support level of 0.9696. The pair is expected to find its first resistance at 0.9797, and a rise through could take it to the next resistance level of 0.9838.
Looking ahead, market participants await the release of Switzerland’s UBS consumption indicator for April, slated in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
