USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.38% against the CHF and closed at 0.9522, as investors shrugged of dismal CPI data in the US.
On the macro front, industrial production in Switzerland advanced 2.70% YoY basis, in 4Q 2014. The nation’s industrial production had dropped 0.40% in the previous quarter.
In the Asian session, at GMT0400, the pair is trading at 0.9502, with the USD trading 0.21% lower from yesterday’s close.
The pair is expected to find support at 0.9450, and a fall through could take it to the next support level of 0.9398. The pair is expected to find its first resistance at 0.9551, and a rise through could take it to the next resistance level of 0.9601.
Going forward, investors await the release of Switzerland’s KOF leading indicator data, scheduled in a few hours.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
