USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9736.
In the Asian session, at GMT0400, the pair is trading at 0.9722, with the USD trading 0.14% lower from yesterday’s close.
The pair is expected to find support at 0.9677, and a fall through could take it to the next support level of 0.9632. The pair is expected to find its first resistance at 0.9794, and a rise through could take it to the next resistance level of 0.9866.
Looking ahead, Switzerland’s consumer price index data for January, set for release in a few hours, will garner a lot of market attention.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
