USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.17% against the CHF and closed at 0.9882.
In economic news, Switzerland’s total sight deposits inched down to a level of CHF468.3 billion, from CHF468.4 billion in the week ended 25 December.
In the Asian session, at GMT0400, the pair is trading at 0.9877, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9855, and a fall through could take it to the next support level of 0.9833. The pair is expected to find its first resistance at 0.9901, and a rise through could take it to the next resistance level of 0.9925.
Moving ahead, market participants will concentrate on Switzerland’s UBS consumption indicator data for November, due tomorrow, for further cues.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
