USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.29% against the CHF and closed at 0.9909.
On the macro front, the KOF economic barometer in Switzerland recorded an unexpected drop to a level of 96.6 in December, from a revised level of 97.3 in the prior month. Market anticipation was for the KOF economic barometer to climb to 98.7.
In the Asian session, at GMT0400, the pair is trading at 0.9889, with the USD trading 0.2% lower from yesterday’s close.
The pair is expected to find support at 0.9863, and a fall through could take it to the next support level of 0.9837. The pair is expected to find its first resistance at 0.9931, and a rise through could take it to the next resistance level of 0.9973.
Moving ahead, investors would keep a close eye on Switzerland’s UBS consumption indicator data, scheduled next week.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
