USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 1.03% against the CHF and closed at 0.9396.
Swiss Franc advanced after Switzerland’s economic expectations logged its strongest rise since April 2011.
Data released in Switzerland showed that the ZEW index of Swiss economic expectations climbed to -50.1 in January, from -72.0 in December, the strongest increase since April 2011.
In the Asian session, at GMT0400, the pair is trading at 0.9387, with the USD trading 0.1% lower from yesterday’s close.
The pair is expected to find support at 0.9346, and a fall through could take it to the next support level of 0.9305. The pair is expected to find its first resistance at 0.9462, and a rise through could take it to the next resistance level of 0.9538.
The Switzerland economic calendar being almost empty today, CHF is expected to ride on other market cues.
The currency pair is well below its 20 Hr and its 50 Hr moving averages.
