USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.00% against the CHF and closed at 0.9807.
Data showed that Switzerland’s total sight deposits rose to a level of CHF590.1 billion in the week ended 14 February 2020, compared to a level of CHF589.6 billion in the previous week.
In the Asian session, at GMT0400, the pair is trading at 0.9804, with the USD trading slightly lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9796, and a fall through could take it to the next support level of 0.9787. The pair is expected to find its first resistance at 0.9820, and a rise through could take it to the next resistance level of 0.9835.
In absence of any macroeconomic releases in Switzerland today, investor sentiment would be governed by global macroeconomic factors.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
