USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CHF and closed at 0.9888.
In the Asian session, at GMT0400, the pair is trading at 0.9873, with the USD trading 0.16% lower from yesterday’s close.
The pair is expected to find support at 0.9846, and a fall through could take it to the next support level of 0.9820. The pair is expected to find its first resistance at 0.9900, and a rise through could take it to the next resistance level of 0.9928.
Going ahead, investors would closely monitor Switzerland’s ZEW economic expectations index data for February, set to release in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
