USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.79% against the CHF and closed at 0.9738.
In economic news, Switzerland’s consumer price inflation (CPI) slowed to a 10-month low level of 0.7% on an annual basis in December, following a gain of 0.9% in the prior month. Market participants had anticipated the CPI to climb 0.8%.
In the Asian session, at GMT0400, the pair is trading at 0.9721, with the USD trading 0.17% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9685, and a fall through could take it to the next support level of 0.9650. The pair is expected to find its first resistance at 0.9787, and a rise through could take it to the next resistance level of 0.9854.
Looking forward, investors would await Switzerland’s unemployment rate for December, slated to release in a while.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
