USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.38% against the CHF and closed at 1.0149.
Yesterday’s data showed that Swiss foreign currency reserves expanded more than anticipated to CHF495.1 billion, against market expectations of an advance to CHF472.0 billion. In the prior month, it had recorded a revised level of CHF462.7 billion.
In the Asian session, at GMT0400, the pair is trading at 1.0156, with the USD trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 1.0108, and a fall through could take it to the next support level of 1.006. The pair is expected to find its first resistance at 1.0191, and a rise through could take it to the next resistance level of 1.0226.
Amid no economic releases in Switzerland today, investors would concentrate on Swiss unemployment rate data, slated for tomorrow.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
