USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 1.03% against the CHF and closed at 0.9277.
The Swiss National Bank reported that Swiss M3 money supply climbed 7.7% (YoY) in December, compared to a 7.3% rise in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9287, with the USD trading 0.11% higher from yesterday’s close.
The pair is expected to find support at 0.9234, and a fall through could take it to the next support level of 0.9181. The pair is expected to find its first resistance at 0.9358, and a rise through could take it to the next resistance level of 0.9429.
Trading trends in the pair today are expected to be determined by the release of UBS consumption indicator in Switzerland later today.
The currency pair is converging with its 20 Hr and trading below its 50 Hr moving average.
