USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CHF and closed at 0.9310.
On the macro front, producer and import prices in Switzerland slid 0.6% MoM in January, lower than market expected decline of 0.7%. It had eased 0.4% in December.
In the Asian session, at GMT0400, the pair is trading at 0.9279, with the USD trading 0.33% lower from yesterday’s close.
The pair is expected to find support at 0.9244, and a fall through could take it to the next support level of 0.9209. The pair is expected to find its first resistance at 0.9326, and a rise through could take it to the next resistance level of 0.9374.
Going forward, market participants would closely monitor the SNB Governor, Thomas Jordan’s speech, scheduled on Tuesday.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
