USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.27% against the CHF and closed at 0.9684.
Data indicated that Switzerland’s total sight deposits rose to a level of CHF585.9 billion in the week ended 17 January 2020, compared to a level of CHF584.5 billion in December.
In the Asian session, at GMT0400, the pair is trading at 0.9678, with the USD trading 0.06% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9667, and a fall through could take it to the next support level of 0.9656. The pair is expected to find its first resistance at 0.9694, and a rise through could take it to the next resistance level of 0.9710.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
