USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CHF and closed at 0.9245.
Yesterday, the SNB reported that sight deposits rose to CHF384.889 billion in the week ended 06 February, compared to previous week’s level of CHF383.325 billion.
In the Asian session, at GMT0400, the pair is trading at 0.9231, with the USD trading 0.15% lower from yesterday’s close.
The pair is expected to find support at 0.9188, and a fall through could take it to the next support level of 0.9145. The pair is expected to find its first resistance at 0.9281, and a rise through could take it to the next resistance level of 0.9331.
Looking ahead, investors would closely monitor the release of Switzerland’s CPI and jobless rate data, scheduled in few hours, to get better insights in the nation’s economy.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
