USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.32% against the CHF and closed at 0.9308.
In the Swiss economic news, trade surplus widened to CHF2.13 billion in January, compared to a downwardly revised surplus of CHF0.90 billion recorded in the previous month. Also, exports rose 3.7% (MoM) in January, while, imports fell 0.5% (MoM) in January. Separately, the M3 money supply advanced 9.2% (YoY) in January, in comparison to a 9.8% rise recorded in December.
In the Asian session, at GMT0400, the pair is trading at 0.929, with the USD trading 0.19% lower from yesterday’s close.
The pair is expected to find support at 0.9265, and a fall through could take it to the next support level of 0.9239. The pair is expected to find its first resistance at 0.9326, and a rise through could take it to the next resistance level of 0.9361.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
