USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CHF and closed at 1.0035.
In economic news, Switzerland’s producer and import price index fell more-than-expected for the first time in three months by 0.4% MoM in December, higher than market expectations for a drop of 0.2% and reversing the previous month’s 0.4% rise.
In the Asian session, at GMT0400, the pair is trading at 1.0007, with the USD trading 0.27% lower from yesterday’s close.
The pair is expected to find support at 0.9978, and a fall through could take it to the next support level of 0.9948. The pair is expected to find its first resistance at 1.0060, and a rise through could take it to the next resistance level of 1.0113.
Moving ahead, market participants will look forward to Switzerland’s ZEW expectations survey data for January, scheduled to release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
