USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CHF and closed at 1.0174.
In economic news, Switzerland’s trade surplus narrowed more than expected to CHF2.54 billion in December, from a surplus of CHF3.16 billion recorded in the prior month.
In the Asian session, at GMT0400, the pair is trading at 1.0164, with the USD trading 0.09% lower from yesterday’s close.
The pair is expected to find support at 1.0121, and a fall through could take it to the next support level of 1.0078. The pair is expected to find its first resistance at 1.0204, and a rise through could take it to the next resistance level of 1.0244.
Moving ahead, Switzerland’s UBS consumption indicator data for December, slated to release in a few hours, will grab a lot of market attention.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
