USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CHF and closed at 0.8890, after the ZEW survey reported that its index on the economic expectations from the Swiss economy declined to a reading of 28.7 in February, against market expectations for a rise to a reading of 40.0, from previous month’s figure of 36.4.
In the Asian session, at GMT0400, the pair is trading at 0.8869, with the USD trading 0.24% lower from yesterday’s close.
The pair is expected to find support at 0.8850, and a fall through could take it to the next support level of 0.8832. The pair is expected to find its first resistance at 0.8892, and a rise through could take it to the next resistance level of 0.8916.
Later today, the Federal Customs Administration is expected to publish Switzerland’s trade balance data for January.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
