USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CHF and closed at 0.9989.
Macroeconomic data indicated that Switzerland’s ZEW survey of economic expectations index advanced to a level of 18.5 in January, following a reading of 12.9 in the previous month. Also, the nation’s UBS consumption indicator rose to a level of 1.50 in December, compared to a reading of 1.45 in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9982, with the USD trading 0.07% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9955, and a fall through could take it to the next support level of 0.9927. The pair is expected to find its first resistance at 1.0018, and a rise through could take it to the next resistance level of 1.0053.
Moving ahead, traders would await Switzerland’s trade balance figures for December, set to release in a while.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
