USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CHF and closed at 0.9726 on Friday.
In economic news, Switzerland’s seasonally adjusted unemployment rate remained steady at 2.3% in December, at par with market expectations.
In the Asian session, at GMT0400, the pair is trading at 0.9729, with the USD trading a tad higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9712, and a fall through could take it to the next support level of 0.9695. The pair is expected to find its first resistance at 0.9754, and a rise through could take it to the next resistance level of 0.9779.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
