USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CHF and closed at 0.9871.
Data showed that Switzerland’s consumer price index (CPI) eased 0.1% on an annual basis in November, at par with market consensus. In the previous month, the CPI had recorded a drop of 0.3%.
In the Asian session, at GMT0400, the pair is trading at 0.9873, with the USD trading slightly higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9845, and a fall through could take it to the next support level of 0.9816. The pair is expected to find its first resistance at 0.9914, and a rise through could take it to the next resistance level of 0.9954.
With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic releases for further direction.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
