USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 0.9333.
On the Swiss economic front, the producer and import price index rose 0.1% (MoM) in December, in line with market expectations and after staying flat in the prior month, while on an annual basis, the producer and import price index rose 1.0% in December, against the expectations for a 0.9% rise and compared to a 1.2% rise recorded in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9370, with the USD trading 0.40% higher from yesterday’s close.
The pair is expected to find support at 0.9314, and a fall through could take it to the next support level of 0.9259. The pair is expected to find its first resistance at 0.9408, and a rise through could take it to the next resistance level of 0.9447.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
