USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CHF and closed at 0.9685.
Data showed that Switzerland’s KOF economic barometer advanced to a level of 96.4 in December, more than market anticipation for a rise to a level of 94.5. The barometer had recorded a revised reading of 92.6 in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9678, with the USD trading 0.07% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9655, and a fall through could take it to the next support level of 0.9632. The pair is expected to find its first resistance at 0.9720, and a rise through could take it to the next resistance level of 0.9762.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
