USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.31% against the CHF and closed at 1.0092.
In the Asian session, at GMT0400, the pair is trading at 1.0081, with the USD trading 0.11% lower against the CHF from yesterday’s close.
The pair is expected to find support at 1.0051, and a fall through could take it to the next support level of 1.0021. The pair is expected to find its first resistance at 1.0104, and a rise through could take it to the next resistance level of 1.0127.
Looking forward, traders would keep an eye on Switzerland’s producer & import prices for January, scheduled to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
