USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.05% against the CHF and closed at 0.9500.
Yesterday, the SNB indicated that M3 money supply in Switzerland climbed 3.20% on an annual basis in January. In the previous month, M3 money supply had advanced 3.30%.
In the Asian session, at GMT0400, the pair is trading at 0.9499, with the USD trading a tad lower from yesterday’s close.
The pair is expected to find support at 0.9442, and a fall through could take it to the next support level of 0.9385. The pair is expected to find its first resistance at 0.9542, and a rise through could take it to the next resistance level of 0.9584.
Looking ahead, market participants await Switzerland’s Q4 employment level data, scheduled in few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
