USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 0.9981.
In economic news, Switzerland’s KOF leading indicator index rose unexpectedly to a level of 102.4 in February, compared to a revised reading of 100.4 in the previous month. Markets expected it to fall to a level of 99.3
In the Asian session, at GMT0400, the pair is trading at 0.9975, with the USD trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 0.9936, and a fall through could take it to the next support level of 0.9897. The pair is expected to find its first resistance at 1.0027, and a rise through could take it to the next resistance level of 1.0079.
Looking ahead, market participants will keep a close watch on Switzerland’s manufacturing PMI and real retail sales data for February, slated to release in a few hours.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
