USDCHF Movement
For the 24 hours to 23:00 GMT, USD ended flat against the CHF and closed at 0.9493.
The central bank of Switzerland indicated that it would continue the policies put by the former head of the Swiss National Bank (SNB), Phillipe Hildebrand, under interim SNB chairman, Thomas Jordan.
In the Asian session, at GMT0400, the pair is trading at 0.9515, with the USD trading 0.23% higher from yesterday’s close.
The pair is expected to find support at 0.9479, and a fall through could take it to the next support level of 0.9443. The pair is expected to find its first resistance at 0.9538, and a rise through could take it to the next resistance level of 0.9560.
The currency pair is trading just above its 20 Hr moving average and 50 Hr moving averages.
