USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CHF and closed at 0.9862.
Data showed that Switzerland’s total sight deposits declined to CHF575.4 billion in the week ended 15 December from a level of CHF575.9 billion in the previous week.
In the Asian session, at GMT0400, the pair is trading at 0.9858, with the USD trading slightly lower from yesterday’s close.
The pair is expected to find support at 0.9830, and a fall through could take it to the next support level of 0.9801. The pair is expected to find its first resistance at 0.9897, and a rise through could take it to the next resistance level of 0.9935.
Ahead in the day, the SECO economic forecast for December would be monitored by traders.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
