USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CHF and closed at 1.0076. The Swiss Franc lost ground, after Switzerland’s real retail sales dropped 0.3% YoY in January, following a rise of 1.9% in December.
In the Asian session, at GMT0400, the pair is trading at 1.0079, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 1.0039, and a fall through could take it to the next support level of 0.9998. The pair is expected to find its first resistance at 1.0104, and a rise through could take it to the next resistance level of 1.0129.
Amid no economic releases in Switzerland today, market participants would concentrate on Swiss ZEW economic survey data, scheduled tomorrow.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
