USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.4% against the CHF and closed at 1.0130.
On the economic front, Switzerland’s total sight deposits edged lower to a level of CHF 527.4 billion in the week ended 09 December, compared to a level of CHF 527.5 billion.
In the Asian session, at GMT0400, the pair is trading at 1.0132, with the USD trading a tad higher against the CHF from yesterday’s close.
The pair is expected to find support at 1.0105, 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 1.0173, and a rise through could take it to the next resistance level of 1.0214.
With no economic releases in Switzerland today, trading trend in the Swiss Franc is expected to be determined by global macroeconomic news.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
