USD/CHF: Swiss Franc reverses its losses in the Asian session


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.9735 yesterday.

Switzerland’s economic expectations index dropped to 8.30 in January, from a level of 12.50 in the previous month.

In the Asian session, at GMT0400, the pair is trading at 0.9721, with the USD trading 0.14% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9706, and a fall through could take it to the next support level of 0.9690. The pair is expected to find its first resistance at 0.9752, and a rise through could take it to the next resistance level of 0.9782.

Moving ahead, investors look forward to Switzerland’s KOF leading indicator data for January, due in a few hours.

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

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