USDCHF Movement
For the 24 hours to 23:00 GMT, the USD traded marginally lower against the CHF and closed at 0.9842.
In economic news, M3 money supply in Switzerland rose 3.6% on a YoY basis in November. It had risen 3.4% in the prior month.
In the Asian session, at GMT0400, the pair is trading at 0.9837, with the USD trading a tad lower from yesterday’s close.
The pair is expected to find support at 0.9810, and a fall through could take it to the next support level of 0.9783. The pair is expected to find its first resistance at 0.9858, and a rise through could take it to the next resistance level of 0.9879.
The currency pair is showing convergence with its 20 Hr moving average and trading slightly above its 50 Hr moving average.
