USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.33% against the CHF and closed at 0.9839.
In the Asian session, at GMT0400, the pair is trading at 0.9837, with the USD trading marginally lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9825, and a fall through could take it to the next support level of 0.9813. The pair is expected to find its first resistance at 0.9847, and a rise through could take it to the next resistance level of 0.9857.
Ahead in the day, market participants would keep a close watch on Switzerland’s trade balance data for January and industrial production for 4Q.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
