USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.64% against the CHF and closed at 0.9772.
Data showed that Switzerland’s unemployment rate remained unchanged at 2.3% in January, in line with market expectations. Meanwhile, the nation’s consumer price index rose 0.2% on a yearly basis in January, at par with market expectations and compared to a similar rise in the prior month. Separately, total sight deposits rose to a level of CHF589.6 billion in the week ended 07 February 2020, compared to a level of CHF588.7 billion in the previous week.
In the Asian session, at GMT0400, the pair is trading at 0.9783, with the USD trading 0.11% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9770, and a fall through could take it to the next support level of 0.9757. The pair is expected to find its first resistance at 0.9790, and a rise through could take it to the next resistance level of 0.9797.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
