USDCHF Movement
For the 24 hours to 2:00 GMT, the USD declined 0.14% against the CHF and closed at 0.9122, as Switzerland’s trade surplus widened to CHF2.95 billion in November, against the revised CHF2.73 billion surplus recorded in the previous month. Also, exports rose 6.0% (MoM) in November, reversing a 7.3% drop in October, while imports increased 0.2% in November, compared to a 6.9% drop reported in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9147, with the USD trading 0.28% higher from yesterday’s close.
The pair is expected to find support at 0.9101, and a fall through could take it to the next support level of 0.9056. The pair is expected to find its first resistance at 0.9175, and a rise through could take it to the next resistance level of 0.9203.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
