USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.96% against the CHF and closed at 0.9188.
In Switzerland, a survey by State Secretariat for Economic Affairs (SECO) indicated that, on a quarterly basis, the consumer confidence index rose to a reading of -6.0 in Q4, from a reading of -17.0 in Q3. Market had expected the index to rise to -12.0 in Q4.
In the Asian session, at GMT0400, the pair is trading at 0.9173, with the USD trading 0.16% lower from yesterday’s close.
The pair is expected to find support at 0.9091, and a fall through could take it to the next support level of 0.9008. The pair is expected to find its first resistance at 0.9229, and a rise through could take it to the next resistance level of 0.9284.
Investors look forward to the unemployment rate and real retail sales data in Switzerland scheduled to be released later today.
The currency pair is trading well above its 20 Hr and 50 Hr moving averages.
