USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CHF and closed at 0.9725.
In economic news, Switzerland’s consumer price index fell for the fifteenth consecutive month by 0.4% MoM in January, at par with market expectations.
In the Asian session, at GMT0400, the pair is trading at 0.974, with the USD trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 0.9680, and a fall through could take it to the next support level of 0.9620. The pair is expected to find its first resistance at 0.9781, and a rise through could take it to the next resistance level of 0.9822.
With no macroeconomic releases in Switzerland today, investors will look forward to the nation’s ZEW expectations survey index and trade balance data, due for release next week.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
