USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.65% against the CHF and closed at 0.9177 on Friday. Meanwhile, data released on Friday showed that, on an annual basis, consumer prices in Switzerland dropped 0.8% in January, the most in more than two years, compared to a 0.7% fall in December.
In the Asian session, at GMT0400, the pair is trading at 0.9130, with the USD trading 0.51% lower from Friday’s close.
The pair is expected to find support at 0.9088, and a fall through could take it to the next support level of 0.9047. The pair is expected to find its first resistance at 0.9186, and a rise through could take it to the next resistance level of 0.9242.
Trading trends in the pair today are expected to be determined by producer and import prices data in Switzerland.
The currency pair is trading below its 20 Hr and converging with its 50 Hr moving average.
