USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.81% against the CHF and closed at 1.0010.
The Swiss Franc came under pressure, after Switzerland’s consumer price inflation surprisingly fell 0.1% MoM in November, after rising by a similar rate in the previous month. Investors had expected the index to remain flat.
In the Asian session, at GMT0400, the pair is trading at 0.9985, with the USD trading 0.25% lower from Friday’s close.
The pair is expected to find support at 0.9922, and a fall through could take it to the next support level of 0.9859. The pair is expected to find its first resistance at 1.0042, and a rise through could take it to the next resistance level of 1.0099.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
