USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.05% against the CHF and closed at 0.8943.
The Centre for European Economic Research reported that the Swiss economic expectations index rose to a level of 39.4 on a monthly basis in December, from a reading of 31.6 recorded in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.8956, with the USD trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 0.8876, and a fall through could take it to the next support level of 0.8796. The pair is expected to find its first resistance at 0.9000, and a rise through could take it to the next resistance level of 0.9044.
Trading trends in the pair today are expected to be determined by Swiss trade balance data along with the economic forecasts to be released by the Swiss State Secretariat for Economic Affairs(SECO). Furthermore, the Swiss National Bank (SNB) would publish its quarterly bulletin for the third quarter later in the day.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
