USDCHF Movement
On Friday, the USD declined 0.45% against the CHF and closed at 1.0143.
On the macro front, consumer prices in Switzerland slid more than expected 0.5% on a MoM basis in December, against market expected decline of 0.4% and compared to an unchanged reading in the prior month. Meanwhile, the seasonally adjusted jobless rate in Switzerland remained unchanged at 3.2% in December. Markets expected it to drop to a level of 3.1%.
In the Asian session, at GMT0400, the pair is trading at 1.0133, with the USD trading 0.1% lower from Friday’s close.
The pair is expected to find support at 1.0097, and a fall through could take it to the next support level of 1.0061. The pair is expected to find its first resistance at 1.0190, and a rise through could take it to the next resistance level of 1.0247.
Amid no economic releases in Switzerland today, investors would monitor the nation’s real retail sales, scheduled on Friday.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
