USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.42% against the CHF and closed at 1.0124.
In economic news, Switzerland’s total sight deposits inched up to CHF472.4 billion in the week ended 22 January, from CHF471.3 billion in the previous week.
In the Asian session, at GMT0400, the pair is trading at 1.0143, with the USD trading 0.18% higher from yesterday’s close.
The pair is expected to find support at 1.0122, and a fall through could take it to the next support level of 1.0101. The pair is expected to find its first resistance at 1.0165, and a rise through could take it to the next resistance level of 1.0186.
Moving ahead, investors will keep a close watch on Switzerland’s trade balance data for December, slated to release in a few hours.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
