USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9309.
On the economic front, Switzerland’s real retail sales advanced 2.9% in November, compared to the 2.7% rise recorded in October. However, market had expected a 3.3% rise.
In the Asian session, at GMT0400, the pair is trading at 0.9323, with the USD trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 0.9296, and a fall through could take it to the next support level of 0.9269. The pair is expected to find its first resistance at 0.9340, and a rise through could take it to the next resistance level of 0.9357.
In economic releases, the Swiss producer & import prices for December are set for release later today.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
