USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CHF and closed at 1.0049.
In economic news, Switzerland’s producer and import price index declined 0.5% on an annual basis in January, higher than market expectations for a drop of 0.2%. The index had registered a rise of 0.6% in the prior month.
In the Asian session, at GMT0400, the pair is trading at 1.0053, with the USD trading slightly higher against the CHF from yesterday’s close.
The pair is expected to find support at 1.0033, and a fall through could take it to the next support level of 1.0012. The pair is expected to find its first resistance at 1.0086, and a rise through could take it to the next resistance level of 1.0118.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
