USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.76% against the CHF and closed at 0.9281.
In economic news, Switzerland’s economic expectations index rose to a reading of 10.0 in February, from a reading of -6.9 in January.
In the Asian session, at GMT0400, the pair is trading at 0.9291, with the USD trading 0.11% higher from yesterday’s close.
The pair is expected to find support at 0.9217, and a fall through could take it to the next support level of 0.9142. The pair is expected to find its first resistance at 0.9333, and a rise through could take it to the next resistance level of 0.9374.
Trading trends in the pair today are expected to be determined by the release of Swiss trade balance data due later today, wherein investors expect the trade surplus to widen in January.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
