USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.51% against the CHF and closed at 0.8951. The Swiss France strengthened, after UBS figures showed that the Swiss consumption indicator rose to a reading of 1.81 in December, compared to a reading of 1.40 recorded in the previous month, buoyed by robust growth in automobile trade and retail activity.
In the Asian session, at GMT0400, the pair is trading at 0.8964, with the USD trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 0.8929, and a fall through could take it to the next support level of 0.8894. The pair is expected to find its first resistance at 0.9005, and a rise through could take it to the next resistance level of 0.9046.
Trading trends in the pair are expected to be determined by KOF leading indicator from Switzerland later today.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
