USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 1.19% against the CHF and closed at 0.9693.
In Switzerland, the consumer price index in Switzerland rose 0.3% (YoY) in December, while on monthly basis, consumer prices fell 0.4% in January. Additionally, the consumer confidence indicator climbed to 10.0 for the quarter ended January 2011, compared to 7.0 posted for the quarter ended in October 2010.
In the Asian session, at 4:00GMT, the pair is trading at 0.9691, 0.02% lower from the New York session close.
The pair has its first short term resistance at 0.9678, followed by the next resistance at 0.9737. The first area of support is at 0.9584 levels, with the subsequent support at 0.9549.
The economic calendar in Switzerland, being almost empty today, the CHF is expected to ride on other market cues.
The pair is trading just above 20 Hr moving average and well above its 50 Hr moving average.
