For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CHF and closed at 0.9618 on Friday.

On the data front, Switzerland’s KOF leading indicator unexpectedly dropped to 53.2 in May, less than market expectations for a rise of 70.0 and compared to revised rise of 59.7 in the prior month.

In the Asian session, at GMT0300, the pair is trading at 0.9606, with the USD trading 0.12% lower against the CHF from Friday’s close.

- advertisement -

The pair is expected to find support at 0.9587, and a fall through could take it to the next support level of 0.9567. The pair is expected to find its first resistance at 0.9638, and a rise through could take it to the next resistance level of 0.9669.

Amid no macroeconomic releases in Switzerland today, investor sentiment would be governed by global macroeconomic factors.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.