USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.27% against the CHF and closed at 0.9761.
On the macro front, consumer prices in Switzerland remained flat on a monthly basis in November, following a similar reading registered in October. Market expectations were for the consumer prices to fall 0.1%. Meanwhile, Swiss real retail sales rose 0.3% on an annual basis in October, after advancing by a revised 0.5% in the preceding month.
In the Asian session, at GMT0400, the pair is trading at 0.9777, with the USD trading 0.17% higher from yesterday’s close.
The pair is expected to find support at 0.9737, and a fall through could take it to the next support level of 0.9697. The pair is expected to find its first resistance at 0.9818, and a rise through could take it to the next resistance level of 0.9860.
Going forward, market participants look forward to Swiss unemployment rate for further cues, set for release in a few hours.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
