USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CHF and closed at 0.9813.
Data showed that Switzerland’s real retail sales fell 0.5% on an annual basis in November, lower than market expectations for a fall of 0.6%. In the previous month, real retail sales had registered a revised rise of 1.0%.
In the Asian session, at GMT0400, the pair is trading at 0.9816, with the USD trading slightly higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9792, and a fall through could take it to the next support level of 0.9769. The pair is expected to find its first resistance at 0.9837, and a rise through could take it to the next resistance level of 0.9859.
Looking ahead, investors would await Switzerland’s consumer price index for December, set to release in a while.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
