USDCHF Movement
On Friday, the USD rose 0.75% against the CHF and closed at 0.9119.
In economic news, the Swiss Federal Statistical Office reported that the producer and import prices in Switzerland remained flat on a monthly basis in December, following a drop of 0.1% posted in the previous month. Markets were expecting producer and import prices to rise 0.1% in December. Meanwhile, producer and import prices in Switzerland declined 0.4% on a yearly basis in December, following a similar drop recorded in the earlier month.
In the Asian session, at GMT0400, the pair is trading at 0.9117, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9062, and a fall through could take it to the next support level of 0.9008. The pair is expected to find its first resistance at 0.9153, and a rise through could take it to the next resistance level of 0.9190.
Ahead in the week, Swiss National Bank’s monthly statistical bulletin and ZEW’s survey expectations would be keenly awaited by investors.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
