USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined marginally against the CHF on Friday and closed at 0.9190.
There were no major economic releases in Switzerland on Friday. Meanwhile, in the US, the Consumer Price Index rose 0.2% (MoM) in January.
In the Asian session, at GMT0400, the pair is trading at 0.9152, with the USD trading 0.41% lower from Friday’s close.
The pair is expected to find support at 0.9124, and a fall through could take it to the next support level of 0.9096. The pair is expected to find its first resistance at 0.9194, and a rise through could take it to the next resistance level of 0.9235.
With no key release from Switzerland, the pair is expected to trade on trends in the greenback.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
