Swiss Franc Trading Slightly Lower In The Morning Session

USDCHF

For the 24 hours to 23:00 GMT, the USD declined 0.34% against the CHF and closed at 0.9764.

In the Asian session, at GMT0300, the pair is trading at 0.9767, with the USD trading a tad higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9738, and a fall through could take it to the next support level of 0.9710. The pair is expected to find its first resistance at 0.9802, and a rise through could take it to the next resistance level of 0.9838.

Moving ahead, investors would focus on Switzerland’s ZEW survey-expectations for August, slated to release in a few hours.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

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