For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CHF and closed at 0.9847.
In economic news, Switzerland’s consumer price index (CPI) remained flat on a monthly basis in June, defying market expectations for a fall of 0.1%. In the previous month, the CPI had registered a rise of 0.3%.
In the Asian session, at GMT0300, the pair is trading at 0.9852, with the USD trading 0.05% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9841, and a fall through could take it to the next support level of 0.9831. The pair is expected to find its first resistance at 0.9866, and a rise through could take it to the next resistance level of 0.9881.
With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic releases for further direction.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
