USDCHF Movement
For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.9621.
In economic news, Switzerland’s total sight deposits advanced to a level of CHF574.6 billion in the week ended 19 January, from a level of CHF573.8 billion reported in the prior week.
In the Asian session, at GMT0400, the pair is trading at 0.9620, with the USD trading a tad lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9595, and a fall through could take it to the next support level of 0.9571. The pair is expected to find its first resistance at 0.9642, and a rise through could take it to the next resistance level of 0.9665.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
