USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 1.16% against the CHF and closed at 0.9935.
In economic news, Switzerland’s SECO consumer confidence index improved for the second consecutive month in the three months ended January, after it rose to a level of -14.0 in January, compared to a drop to a reading of -18.0 in the preceding month and beating market expectations of an advance to -15.0
In the Asian session, at GMT0400, the pair is trading at 0.9937, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9879, and a fall through could take it to the next support level of 0.9822. The pair is expected to find its first resistance at 1.0036, and a rise through could take it to the next resistance level of 1.0135.
Amid no macroeconomic releases in Switzerland today, trading trends in the Franc are expected to be determined by global macroeconomic news.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
