For the 24 hours to 23:00 GMT, the USD slightly declined against the CHF and closed at 0.9455.
On the data front, Switzerland’s consumer price index fell 1.3% on a yearly basis in June, more than market expectations for a drop of 1.2% and compared to a similar fall in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9455, with the USD trading flat against the CHF from yesterday’s close.
The pair is expected to find support at 0.9433, and a fall through could take it to the next support level of 0.9411. The pair is expected to find its first resistance at 0.9471, and a rise through could take it to the next resistance level of 0.9487.
Amid no macroeconomic releases in Switzerland today, investor sentiment would be governed by global macroeconomic factors.
The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
