USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.51% against the CHF and closed at 0.9871.
On the macroeconomic front, Switzerland’s total sight deposits marginally edged down to a level of CHF472.5 billion in the week ended 5 February, from CHF472.7 billion in the previous week.
In the Asian session, at GMT0400, the pair is trading at 0.9838, with the USD trading 0.33% lower from yesterday’s close.
The pair is expected to find support at 0.9782, and a fall through could take it to the next support level of 0.9725. The pair is expected to find its first resistance at 0.9935, and a rise through could take it to the next resistance level of 1.0031.
Moving ahead, investors await the release of Switzerland’s unemployment rate data for January, set to release in a few hours, for further cues.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
