USD/CHF: Swiss Franc trading higher this morning


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 1.33% against the CHF and closed at 0.9766.

On the data front, Switzerland’s ZEW survey expectations unexpectedly dropped to 7.7 in February, defying market expectations for a rise to 13.6 and compared to a level of 8.3 in the previous month.

In the Asian session, at GMT0400, the pair is trading at 0.9743, with the USD trading 0.24% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9722, and a fall through could take it to the next support level of 0.9700. The pair is expected to find its first resistance at 0.9772, and a rise through could take it to the next resistance level of 0.9800.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

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