USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 2.25% against the CHF and closed at 0.8798.
In economic news, producer and import prices in Switzerland dropped 0.4% on a monthly basis in December, compared to a decline of 0.7% registered in the prior month.
In the Asian session, at GMT0400, the pair is trading at 0.8804, with the USD trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 0.8628, and a fall through could take it to the next support level of 0.8453. The pair is expected to find its first resistance at 0.8893, and a rise through could take it to the next resistance level of 0.8982.
Amid lack of economic releases in Switzerland today, investors would monitor Swiss M3 money supply data, scheduled for tomorrow.
The currency pair is trading/showing convergence with its 20 Hr and 50 Hr moving average.
