USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.27% against the CHF and closed at 0.9199.
On the economic front, Switzerland’s UBS consumption indicator advanced to a reading of 0.92 in December, compared to a reading of 0.78 in November.
In the Asian session, at GMT0400, the pair is trading at 0.9214, with the USD trading 0.16% higher from yesterday’s close.
The pair is expected to find support at 0.9149, and a fall through could take it to the next support level of 0.9083. The pair is expected to find its first resistance at 0.9254, and a rise through could take it to the next resistance level of 0.9294.
Economic releases taking center stage today includes retail sales and manufacturing Purchasing Manager Index (PMI) in Switzerland.
The currency pair is trading above its 20 Hr and its 50 Hr moving averages.
