USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.38% against the CHF and closed at 0.9926.
In economic news, Switzerland’s ZEW expectations survey index declined to a level of -5.9 in February, compared to a level of -3.0 recorded in the prior month.
In the Asian session, at GMT0400, the pair is trading at 0.9918, with the USD trading 0.08% lower from yesterday’s close.
The pair is expected to find support at 0.9866, and a fall through could take it to the next support level of 0.9814. The pair is expected to find its first resistance at 0.9956, and a rise through could take it to the next resistance level of 0.9994.
Moving ahead, investors will keep a close watch on Switzerland’s trade balance data for January, set to release in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
