USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.18% against the CHF and closed at 0.9125, after the Swiss retail sales increased at the fastest rate in seven months in January.
The Swiss Federal Statistical Office reported that in Switzerland, retail sales rose more-than-expected by 4.4% (YoY) in January, following a rise of 1.7% in December, highest since June 2011.
In the Asian session, at GMT0400, the pair is trading at 0.9138, with the USD trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 0.9109, and a fall through could take it to the next support level of 0.908. The pair is expected to find its first resistance at 0.9165, and a rise through could take it to the next resistance level of 0.9192.
With no major release from Switzerland, the pair is expected to trade on trends in the greenback.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
