USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CHF and closed at 1.0022.
In economic news, Switzerland’s SVME-purchasing manager’s index expanded more-than-expected to a level of 52.1 in December, from a reading of 49.7 in the previous month and against market expectations for it to rise to a level of 50.1.
In the Asian session, at GMT0400, the pair is trading at 1.0018, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9939, and a fall through could take it to the next support level of 0.9861. The pair is expected to find its first resistance at 1.0080, and a rise through could take it to the next resistance level of 1.0143.
Amid no economic releases in Switzerland today, investor sentiment would be governed by global macroeconomic news.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
