USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.07% against the CHF and closed at 0.9918.
In economic news, Switzerland’s total sight deposits edged down to a level of CHF575.9 billion in the week ended 08 December, compared to CHF576.8 billion in the previous week.
In the Asian session, at GMT0400, the pair is trading at 0.9918, with the USD trading flat against the USD from yesterday’s close.
The pair is expected to find support at 0.9902, and a fall through could take it to the next support level of 0.9885. The pair is expected to find its first resistance at 0.993, and a rise through could take it to the next resistance level of 0.9941.
With no macroeconomic releases in Switzerland today, investor sentiment would be governed by global macroeconomic events.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
