USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.41% against the CHF and closed at 0.9632.
On the data front, Switzerland’s total sight deposits increased to CHF573.8 billion in the week ended 12 January, after recording a level of CHF572.8 billion in the preceding month.
In the Asian session, at GMT0400, the pair is trading at 0.9638, with the USD trading 0.06% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9602, and a fall through could take it to the next support level of 0.9567. The pair is expected to find its first resistance at 0.9674, and a rise through could take it to the next resistance level of 0.9711.
Later in the day, all eyes would be on a speech by the Swiss National Bank (SNB) President, Thomas Jordan.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
