USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.09% against the CHF and closed at 0.9920.
In economic news, Switzerland’s ZEW expectations index rose to a level of 16.6 in December, from a reading of 0.0 in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9958, with the USD trading 0.38% higher from yesterday’s close.
The pair is expected to find support at 0.9856, and a fall through could take it to the next support level of 0.9754. The pair is expected to find its first resistance at 1.0014, and a rise through could take it to the next resistance level of 1.0070.
Going ahead, investors will concentrate on Switzerland’s SECO December economic forecast, scheduled to be released in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
