USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.37% against the CHF and closed at 0.9008.
In Switzerland, the SECO consumer climate indicator rose to a level of 2.0 in the fourth quarter, more than analysts’ call for a rise to 1.0, from a reading of -5.0 registered in the preceding quarter. Meanwhile, the nation’s trade surplus narrowed more-than-expected to a CHF 503.0 million in December, the lowest level in four years, compared to a surplus of CHF 2,033.0 million recorded in November.
In the Asian session, at GMT0400, the pair is trading at 0.9007, with the USD trading tad lower from yesterday’s close.
The pair is expected to find support at 0.8962, and a fall through could take it to the next support level of 0.8916. The pair is expected to find its first resistance at 0.9059, and a rise through could take it to the next resistance level of 0.9110.
Market participants are expected to keep a tab on the Swiss real retail sales and foreign currency reserves data, due for release later today.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
