USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 1.12% against the CHF on Friday and closed at 0.9550.
In the US, the trade deficit increased to $47.8 billion in November, marking the widest level since June 2011, following a revised deficit of $43.3 billion in October.
In the Asian session, at GMT0400, the pair is trading at 0.9541, with the USD trading 0.09% lower from Friday’s close.
The pair is expected to find support at 0.9441, and a fall through could take it to the next support level of 0.9340. The pair is expected to find its first resistance at 0.9609, and a rise through could take it to the next resistance level of 0.9676.
Trading trends in the pair today are expected to be determined by the release of Switzerland’s producer & import prices.
The currency pair is trading above its 20 Hr and its 50 Hr moving averages.
