USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.55% against the CHF and closed at 0.9911.
In economic news, Switzerland’s producer and import price index surprisingly rose for the second consecutive month by 0.4% MoM in November, following a 0.2% increase in the previous month. Investors had expected it to decline 0.1%.
In the Asian session, at GMT0400, the pair is trading at 0.9902, with the USD trading 0.09% lower from yesterday’s close.
The pair is expected to find support at 0.9825, and a fall through could take it to the next support level of 0.9748. The pair is expected to find its first resistance at 0.9953, and a rise through could take it to the next resistance level of 1.0004.
Moving ahead, market participants will look forward to Switzerland’s ZEW expectations survey data for December, scheduled to be released in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
