For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 0.9123. The Swiss France gave up ground against the US Dollar after a report showed that the ZEW survey – expectations in the Swiss economy declined to a reading of 36.4 in January, defying market expectations for a rise to 44.0, from previous month’s level of 39.4.
In the Asian session, at GMT0400, the pair is trading at 0.9120, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9094, and a fall through could take it to the next support level of 0.9067. The pair is expected to find its first resistance at 0.9141, and a rise through could take it to the next resistance level of 0.9161.
With no economic releases from Switzerland today, traders are expected to keep a tab on global economic news for further guidance in the pair.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
