USDCHF Movement
For the 24 hours to 23:00 GMT on Friday, the USD declined marginally against the CHF and closed at 0.9136.
In Switzerland, consumer prices eased 0.4% annually in December, compared to the same rate of fall recorded in November. On a monthly basis, consumer prices retreated 0.2% in December, following a 0.3% drop recorded in November.
In the Asian session, at GMT0400, the pair is trading at 0.9125, with the USD trading 0.11% lower from Friday’s close.
The pair is expected to find support at 0.9098, and a fall through could take it to the next support level of 0.9070. The pair is expected to find its first resistance at 0.9166, and a rise through could take it to the next resistance level of 0.9206.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
