USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.49% against the CHF and closed at 0.9256.
Swiss Franc fell against greenback, after reports showed a decline in Swiss consumer prices, raising speculation that Swiss National Bank would intervene again to weaken its currency. Consumer prices in Switzerland fell 0.5% (YoY) in November, following 0.1% drop in October.
In the Asian session, at GMT0400, the pair is trading at 0.9252, with the USD trading 0.04% lower from yesterday’s close.
The pair is expected to find support at 0.9213, and a fall through could take it to the next support level of 0.9174. The pair is expected to find its first resistance at 0.9294, and a rise through could take it to the next resistance level of 0.9335.
Trading trends in the pair today are expected to be determined by release of unemployment rate in Switzerland.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
