USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.77% against the CHF and closed at 0.9736 on Friday.
In economic news, Switzerland’s ZEW economic expectations index unexpectedly rose to a level of 12.5 in December, defying market anticipations for a drop to a level of -8.5. In the preceding month, the index had recorded a reading of -3.9.
In the Asian session, at GMT0400, the pair is trading at 0.9727, with the USD trading 0.09% lower against the CHF from Friday’s close.
The pair is expected to find support at 0.9696, and a fall through could take it to the next support level of 0.9664. The pair is expected to find its first resistance at 0.9783, and a rise through could take it to the next resistance level of 0.9838.
Moving ahead, traders would keep an eye on Switzerland’s KOF leading indicator for December, set to release in a while.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
