USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CHF and closed at 0.9620 on Friday.
On the macro front, Switzerland’s producer and import price index rose 0.2% MoM in December, after recording a gain of 0.6% in the prior month.
In the Asian session, at GMT0400, the pair is trading at 0.9626, with the USD trading 0.06% higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9563, and a fall through could take it to the next support level of 0.9501. The pair is expected to find its first resistance at 0.9661, and a rise through could take it to the next resistance level of 0.9697.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
