USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.26% against the CHF and closed at 1.0147.
The Swiss Franc gained ground, after Switzerland’s UBS consumption indicator rose to a level of 1.62 in December, after recording a revised reading of 1.55 in the previous month.
In the Asian session, at GMT0400, the pair is trading at 1.016, with the USD trading 0.13% higher from yesterday’s close.
The pair is expected to find support at 1.0130, and a fall through could take it to the next support level of 1.0099. The pair is expected to find its first resistance at 1.0191, and a rise through could take it to the next resistance level of 1.0222.
With no economic releases in Switzerland today, investors will look forward to the nation’s KOF leading indicators data, scheduled tomorrow.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
