USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.84% against the CHF and closed at 1.0206.
In economic news, Switzerland’s ZEW survey for economic expectations index climbed to a level of 12.9 in December, jumping to its highest level in six-months, compared to a reading of 8.9 in the previous month.
In the Asian session, at GMT0400, the pair is trading at 1.0222, with the USD trading 0.16% higher against the CHF from yesterday’s close.
The pair is expected to find support at 1.0113, and a fall through could take it to the next support level of 1.0005. The pair is expected to find its first resistance at 1.0294, and a rise through could take it to the next resistance level of 1.0367.
Moving ahead, market participants will keep a close watch on Swiss National Bank’s (SNB) interest rate decision, scheduled to release in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
