USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.41% against the CHF and closed at 1.0041.
In economic news, Switzerland’s consumer price inflation (CPI) slowed for a third consecutive month to 0.6% on an annual basis in January, meeting market expectations. The CPI had recorded a rise of 0.7% in the previous month. Moreover, the nation’s total sight deposits slightly rose to a level of CHF576.24 billion in the week ended 08 February, from CHF576.20 billion in the previous week.
In the Asian session, at GMT0400, the pair is trading at 1.0043, with the USD trading marginally higher against the CHF from yesterday’s close.
The pair is expected to find support at 1.0008, and a fall through could take it to the next support level of 0.9973. The pair is expected to find its first resistance at 1.0066, and a rise through could take it to the next resistance level of 1.0089.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
