USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.41% against the CHF and closed at 0.9232, over speculation that the Swiss government may change the current cap of 1.20 Francs against the Euro to move it to 1.30 Francs in order to further weaken the Swiss currency.
In the Asian session, at GMT0300, the pair is trading at 0.9247, with the USD trading 0.16% higher from the New York close.
The pair is expected to find support at 0.9187, and a fall through could take it to the next support level of 0.9128. The pair is expected to find its first resistance at 0.9281, and a rise through could take it to the next resistance level of 0.9316.
Trading trends in the pair today are expected to be determined by release of Consumer Price Index (CPI) in Switzerland.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
