USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.80% against the CHF and closed at 1.0001.
The Swiss Franc weakened, after Switzerland’s real retail sales fell for the fourth consecutive month, dipping by 2.1% YoY in November, following a revised 0.8% decline in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9996, with the USD trading 0.19% lower from yesterday’s close.
The pair is expected to find support at 0.9942, and a fall through could take it to the next support level of 0.9888. The pair is expected to find its first resistance at 1.0038, and a rise through could take it to the next resistance level of 1.0080.
Amid no economic releases in Switzerland today, investor sentiment would be governed by global macroeconomic news.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
