USD/CHF: Swiss investor confidence notched its highest level since April 2010 in December


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CHF and closed at 0.9858.

In economic news, Switzerland’s economic expectations index registered a rise to a level of 52.0 in December, jumping to its highest in nearly eight years. The index had recorded a reading of 40.7 in the prior month.

On the other hand, the nation’s UBS consumption indicator inched down to a level of 1.67 in November, compared to a revised level of 1.68 in the prior month.

In the Asian session, at GMT0400, the pair is trading at 0.9848, with the USD trading 0.1% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9829, and a fall through could take it to the next support level of 0.9811. The pair is expected to find its first resistance at 0.9885, and a rise through could take it to the next resistance level of 0.9923.

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

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