USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9343.
In Switzerland, industrial production rose 1.7% (YoY) in the 4Q 2012, compared to a revised 2.5% growth recorded in the previous quarter.
In the Asian session, at GMT0300, the pair is trading at 0.9336, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9315, and a fall through could take it to the next support level of 0.9293. The pair is expected to find its first resistance at 0.9360, and a rise through could take it to the next resistance level of 0.9383.
Switzerland’s consumer price index and real retail sales data scheduled for release later today is expected to give a favourable direction to the pair.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
