USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.17% against the CHF and closed at 0.9323, following the release of upbeat US retail sales data
In the US, retail sales rose by 0.5% (MoM) in December, following a revised 0.4% increase in November. Market had expected sales to rise by 0.2%.
In the Asian session, at GMT0400, the pair is trading at 0.9311, with the USD trading 0.13% lower from yesterday’s close.
The pair is expected to find support at 0.9242, and a fall through could take it to the next support level of 0.9172. The pair is expected to find its first resistance at 0.9357, and a rise through could take it to the next resistance level of 0.9402.
Trading trends in the pair today are expected to be determined by the release of real retail sales in Switzerland.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
