USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.51% against the CHF and closed at 0.8851.
In the US, for the week ended 28 October 2011, mortgage application volumes, on a seasonally adjusted basis, gained 0.2%, as compared to a rise of 4.9% recorded in the previous week.
In the Asian session, at GMT0400, the pair is trading at 0.8859, with the USD trading 0.09% higher from yesterday’s close.
The pair is expected to find support at 0.8809, and a fall through could take it to the next support level of 0.8759. The pair is expected to find its first resistance at 0.8894, and a rise through could take it to the next resistance level of 0.8929.
The currency pair is showing convergence with its 50 Hr and is trading just above its 20 Hr moving average.
