USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.36% against the CHF and closed at 1.0050.
In economic news, Switzerland’s total sight deposits for the week ended 15 January, inched up to CHF471.3 billion from CHF469.5 billion in the previous week.
In the Asian session, at GMT0400, the pair is trading at 1.0068, with the USD trading 0.18% higher from yesterday’s close.
The pair is expected to find support at 1.0046, and a fall through could take it to the next support level of 1.0024. The pair is expected to find its first resistance at 1.0082, and a rise through could take it to the next resistance level of 1.0096.
Going ahead, investors will look forward to Switzerland’s producer and import prices data for December, scheduled to release in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
