USD/CHF: Swiss Franc extends its gains in the morning session


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CHF and closed at 0.9355.

On the economic front, Switzerland’s producer and import price index climbed 0.3% on a monthly basis in January, compared to an advance of 0.2% in the prior month.

In the Asian session, at GMT0400, the pair is trading at 0.9309, with the USD trading 0.49% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9278, and a fall through could take it to the next support level of 0.9246. The pair is expected to find its first resistance at 0.9370, and a rise through could take it to the next resistance level of 0.9430.

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

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