USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9316.
On the economic front, Switzerland’s employment level declined to 4.116 million in the Q4 2012, from 4.122 million registered in the previous quarter. Market had expected a level of 4.107 million.
In the Asian session, at GMT0400, the pair is trading at 0.9326, with the USD trading 0.11% 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 0.9266. The pair is expected to find its first resistance at 0.9346, and a rise through could take it to the next resistance level of 0.9366.
Switzerland’s KOF leading indicator, scheduled for release later today, is projected to decline slightly in February. Meanwhile, the UBS consumption indicator is also awaited today.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
