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Swiss Franc Trading Higher, Ahead Of Switzerland’s ZEW Expectations Surv

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.55% against the CHF and closed at 0.9911.

In economic news, Switzerland’s producer and import price index surprisingly rose for the second consecutive month by 0.4% MoM in November, following a 0.2% increase in the previous month. Investors had expected it to decline 0.1%.

In the Asian session, at GMT0400, the pair is trading at 0.9902, with the USD trading 0.09% lower from yesterday’s close.

The pair is expected to find support at 0.9825, and a fall through could take it to the next support level of 0.9748. The pair is expected to find its first resistance at 0.9953, and a rise through could take it to the next resistance level of 1.0004.

Moving ahead, market participants will look forward to Switzerland’s ZEW expectations survey data for December, scheduled to be released in a few hours.

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

Swiss Franc Trading Lower, Ahead Of SNB’s Interest Rate Decision

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.92% against the CHF and closed at 0.9833.

The Swiss Franc gained ground, after Switzerland’s unemployment rate remained steady at 3.4% in November, meeting market expectations.

In the Asian session, at GMT0400, the pair is trading at 0.9847, with the USD trading 0.14% higher from yesterday’s close.

The pair is expected to find support at 0.9796, and a fall through could take it to the next support level of 0.9746. The pair is expected to find its first resistance at 0.9919, and a rise through could take it to the next resistance level of 0.9991.

Moving ahead, investors will concentrate on SNB’s interest rate decision, scheduled to be announced in a few hours, for further cues.

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

Swiss Franc Trading On A Stronger Footing In The Asian Session

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CHF and closed at 0.9946.

In the Asian session, at GMT0400, the pair is trading at 0.9922, with the USD trading 0.25% lower from Friday’s close.

The pair is expected to find support at 0.9893, and a fall through could take it to the next support level of 0.9864. The pair is expected to find its first resistance at 0.9964, and a rise through could take it to the next resistance level of 1.0006.

Moving ahead, market participants will look forward to Switzerland’s trade balance data for November scheduled to be released tomorrow.

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

Swiss Franc Trading On A Weaker Footing, Ahead Of Switzerland’s Consumer

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 1.32% against the CHF and closed at 0.9944.

In economic news, Switzerland’s foreign currency reserves dropped to CHF559.7 billion in December, compared to a revised reading of CHF562.6 billion in the previous month.

In the Asian session, at GMT0400, the pair is trading at 0.9964, with the USD trading 0.2% higher from yesterday’s close.

The pair is expected to find support at 0.9898, and a fall through could take it to the next support level of 0.9831. The pair is expected to find its first resistance at 1.0055, and a rise through could take it to the next resistance level of 1.0146.

Moving ahead, market participants will keep a close watch on Switzerland’s unemployment rate and consumer price inflation data, both for the month of December, scheduled to release in a few hours, to gauge the strength in the nation’s economy.

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

Swiss Franc Trading Higher, Ahead Of Switzerland’s SVME-Purchasing Manag

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 1.13% against the CHF and closed at 0.9998.

In the Asian session, at GMT0400, the pair is trading at 0.999, with the USD trading 0.25% lower from Thursday’s close.

The pair is expected to find support at 0.9975, and a fall through could take it to the next support level of 0.9960. The pair is expected to find its first resistance at 1.0017, and a rise through could take it to the next resistance level of 1.0044.

Moving ahead, investors await Switzerland’s SVME-Purchasing manager’s index data for December, scheduled to be released in a few hours, for further cues.

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

Swiss Franc Trading On A Stronger Footing In The Morning Session

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 1.0077.

In the Asian session, at GMT0400, the pair is trading at 1.0036, with the USD trading 0.41% lower from yesterday’s close.

The pair is expected to find support at 0.9999, and a fall through could take it to the next support level of 0.9963. The pair is expected to find its first resistance at 1.0097, and a rise through could take it to the next resistance level of 1.0159.

Moving ahead, market participants will concentrate on Switzerland’s unemployment rate and consumer price inflation data, both for the month of December, scheduled to release tomorrow, for further cues.

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

Swiss Franc Extends Its Losses In The Asian Session

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CHF and closed at 1.0027.

In the Asian session, at GMT0400, the pair is trading at 1.0049, with the USD trading 0.22% higher from yesterday’s close.

The pair is expected to find support at 0.9989, and a fall through could take it to the next support level of 0.9929. The pair is expected to find its first resistance at 1.0086, and a rise through could take it to the next resistance level of 1.0122.

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

Swiss Franc Trading On A Stronger Footing In The Asian Session

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.82% against the CHF and closed at 1.0223.

In economic news, Switzerland’s KOF leading indicator index unexpectedly rose to a level of 100.3 in January, compared to market expectation of a fall to a level of 96.0 and following a reading of 96.8 in the previous month.

In the Asian session, at GMT0400, the pair is trading at 1.0218, with the USD trading marginally lower from Friday’s close.

The pair is expected to find support at 1.0148, and a fall through could take it to the next support level of 1.0078. The pair is expected to find its first resistance at 1.0272, and a rise through could take it to the next resistance level of 1.0327.

Moving ahead, market participants will look forward to Switzerland’s SVME PMI data, slated to release in a few hours.

The currency pair is showing convergence with its 20 Hr and trading above its 50 Hr moving average.

Swiss Franc Trading On A Weaker Footing In The Morning Session

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CHF and closed at 1.0062.

Yesterday, the SNB Vice President, Fritz Zurbruegg, reiterated that the Swiss Franc remains “considerably overvalued” and that the central bank is willing to intervene in currency markets, if necessary.

In the Asian session, at GMT0400, the pair is trading at 1.0068, with the USD trading 0.06% higher from yesterday’s close.

The pair is expected to find support at 1.0033, and a fall through could take it to the next support level of 0.9997. The pair is expected to find its first resistance at 1.0106, and a rise through could take it to the next resistance level of 1.0144.

Amid no economic releases in Switzerland today, investor sentiment would be governed by global macroeconomic news.

The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.

Swiss CPI Fell, While Unemployment Rate Remained Steady In December

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.31% against the CHF and closed at 0.9975.

The Swiss Franc weakened after Switzerland’s consumer price index declined more-than-expected by 0.4% MoM in December, following a drop of 0.1% in the previous month and compared to investor expectations for a fall of 0.3%. On the other hand, the nation’s seasonally adjusted unemployment rate remained steady at 3.4% in December, in line with market expectations.

In the Asian session, at GMT0400, the pair is trading at 0.9947, with the USD trading 0.28% lower from Friday’s close.

The pair is expected to find support at 0.9867, and a fall through could take it to the next support level of 0.9788. The pair is expected to find its first resistance at 1.0039, and a rise through could take it to the next resistance level of 1.0132.

Moving ahead, investors will look forward to Switzerland’s real retail sales data for November, scheduled to release in a few hours.

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