USDCHF Movement
For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.9107.
In Switzerland, an official report showed that the M3 money supply in the nation rose 7.6% (YoY) in December, following a revised 9.0% rise recorded in November.
In the Asian session, at GMT0400, the pair is trading at 0.9103, with the USD trading slightly lower from yesterday’s close.
The pair is expected to find support at 0.9072, and a fall through could take it to the next support level of 0.9041. The pair is expected to find its first resistance at 0.9146, and a rise through could take it to the next resistance level of 0.9189.
Market participants are expected to keep a close watch on the release of ZEW survey expectations for the Swiss economy, due later today, for further guidance in the Swiss Franc.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
