USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CHF and closed at 1.0096.
The Swiss Franc lost ground, after Switzerland’s consumer price index dropped 0.2% on a monthly basis in November, higher than market expectations for a drop of 0.1% and following a rise of 0.1% in the prior month.
In the Asian session, at GMT0400, the pair is trading at 1.0090, with the USD trading 0.06% lower against the CHF from yesterday’s close.
The pair is expected to find support at 1.0052, and a fall through could take it to the next support level of 1.0013. The pair is expected to find its first resistance at 1.0122, and a rise through could take it to the next resistance level of 1.0153.
With no major economic releases in Switzerland today, investor sentiment would be governed by global macroeconomic factors.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
