USD/CHF: Swiss investor confidence notched its highest level since April 2010 in December

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CHF and closed at 0.9858.

In economic news, Switzerland’s economic expectations index registered a rise to a level of 52.0 in December, jumping to its highest in nearly eight years. The index had recorded a reading of 40.7 in the prior month.

On the other hand, the nation’s UBS consumption indicator inched down to a level of 1.67 in November, compared to a revised level of 1.68 in the prior month.

In the Asian session, at GMT0400, the pair is trading at 0.9848, with the USD trading 0.1% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9829, and a fall through could take it to the next support level of 0.9811. The pair is expected to find its first resistance at 0.9885, and a rise through could take it to the next resistance level of 0.9923.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

This entry was posted in USD/CHF. Bookmark the permalink.

Comments are closed.