USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 1.0077.
In the Asian session, at GMT0400, the pair is trading at 1.0036, with the USD trading 0.41% lower from yesterday’s close.
The pair is expected to find support at 0.9999, and a fall through could take it to the next support level of 0.9963. The pair is expected to find its first resistance at 1.0097, and a rise through could take it to the next resistance level of 1.0159.
Moving ahead, market participants will concentrate on Switzerland’s unemployment rate and consumer price inflation data, both for the month of December, scheduled to release tomorrow, for further cues.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
