USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.53% against the CHF and closed at 0.9773.
In economic news, Switzerland’s SVME–PMI registered an unexpected rise to a level of 65.2 in December, accelerating at its fastest pace in more than seven years. The PMI had recorded a reading of 65.1 in the prior month, while market had expected for a drop a level of 64.5.
In the Asian session, at GMT0400, the pair is trading at 0.9776, with the USD trading a tad higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9728, and a fall through could take it to the next support level of 0.9680. The pair is expected to find its first resistance at 0.9811, and a rise through could take it to the next resistance level of 0.9846.
With a lack of macroeconomic releases in Switzerland today, investor sentiment would be governed by global macroeconomic news.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
