For the 24 hours to 23:00 GMT, USD retreated 1.00% against the CHF and closed at 0.9445.
Yesterday in Switzerland, the Finance Minister, Eveline Widmer-Schlumpf, indicated that the nation may not name a permanent successor to Philipp Hildebrand as Central Bank Chairman for several months.
In the Asian session, at GMT0400, the pair is trading at 0.9446, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9390, and a fall through could take it to the next support level of 0.9334. The pair is expected to find its first resistance at 0.9524, and a rise through could take it to the next resistance level of 0.9602.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.