USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.94% against the CHF and closed at 0.9998.
In economic news, Switzerland’s producer and import prices fell for the second consecutive month by 0.4% MoM in January, whereas investors expected it to fall by 0.2% and compared to a drop of 0.4% in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9964, with the USD trading 0.34% lower from yesterday’s close.
The pair is expected to find support at 0.9914, and a fall through could take it to the next support level of 0.9864. The pair is expected to find its first resistance at 1.0009, and a rise through could take it to the next resistance level of 1.0054.
Going ahead, investors will look forward to Switzerland’s UBS consumption indicator data for January, scheduled to be released tomorrow.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
