USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.47% against the CHF and closed at 0.9880, as the US economy slowed in Q3 2015.
In economic news, Switzerland’s trade surplus narrowed more than expected to a level of CHF3.14 billion in November, from previous month’s surplus of CHF4.09 billion.
In the Asian session, at GMT0400, the pair is trading at 0.9880, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 0.9846, and a fall through could take it to the next support level of 0.9811. The pair is expected to find its first resistance at 0.9927, and a rise through could take it to the next resistance level of 0.9973.
Going forward, investors would keep a close eye on Switzerland’s KOF leading indicator data, scheduled in a few hours to gauge the strength in the nation’s economy.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
