For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CHF and closed at 0.9609.
In the Asian session, at GMT0300, the pair is trading at 0.9615, with the USD trading 0.06% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9588, and a fall through could take it to the next support level of 0.9560. The pair is expected to find its first resistance at 0.9634, and a rise through could take it to the next resistance level of 0.9652.
Moving forward, traders would keep a watch on Switzerland’s real retail sales for April and the SVME – Purchasing Managers’ Index for May, slated to release in a few hours.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
