USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CHF and closed at 0.9857.
In economic news, Swiss total sight deposits inched up CHF467.7 billion in the week ended 11 December, from CHF467.5 billion in the previous week.
In the Asian session, at GMT0400, the pair is trading at 0.9833, with the USD trading 0.25% lower from yesterday’s close.
The pair is expected to find support at 0.9788, and a fall through could take it to the next support level of 0.9744. The pair is expected to find its first resistance at 0.9875, and a rise through could take it to the next resistance level of 0.9918.
Going ahead, investors will look forward to Switzerland’s ZEW expectations survey data for December, scheduled to be released tomorrow.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
