USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.57% against the CHF and closed at 0.9147.
Swiss Franc advanced after retail sales in Switzerland rose 0.6% (YoY) in December, from an increase of 1.8% in November. However, it pared some of its gains after the Purchasing Managers’ Index in Switzerland unexpectedly dropped to a reading of 47.3 in January.
In the Asian session, at GMT0400, the pair is trading at 0.9150, with the USD trading 0.03% higher from yesterday’s close.
The pair is expected to find support at 0.9093, and a fall through could take it to the next support level of 0.9037. The pair is expected to find its first resistance at 0.9228, and a rise through could take it to the next resistance level of 0.9307.
Switzerland trade balance data are scheduled for release today and are keenly awaited.
The currency pair is converging with its 20 Hr and trading below its 50 Hr moving average.
