USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.40% against the CHF and closed at 0.9167.
Yesterday, Switzerland’s consumer prices slipped 0.3% (YoY) in January, in line with market expectations and following a 0.4% drop in December. Similarly, on a monthly basis, the consumer price index retreated 0.3% in January, in line with market expectations and compared to a 0.2% drop recorded in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9176, with the USD trading 0.10% higher from yesterday’s close.
The pair is expected to find support at 0.9145, and a fall through could take it to the next support level of 0.9113. The pair is expected to find its first resistance at 0.9212, and a rise through could take it to the next resistance level of 0.9247.
Trading trends in the pair today are expected to be determined by the release of the producer and import prices data in Switzerland.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
