USDCHF Movement
On Friday, the USD rose 0.24% against the CHF and closed at 0.9332.
In economic news, producer and import prices in Switzerland eased slid 0.6% on a monthly basis in January. It had fallen 0.4% in December.
In the Asian session, at GMT0400, the pair is trading at 0.9290, with the USD trading 0.45% lower from Friday’s close.
The pair is expected to find support at 0.9261, and a fall through could take it to the next support level of 0.9232. The pair is expected to find its first resistance at 0.9328, and a rise through could take it to the next resistance level of 0.9366.
Amid a light economic calendar in Switzerland today, traders would keep a close eye on the SNB President, Thomas Jordan’s speech scheduled tomorrow.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
