USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.14% against the CHF and closed at 0.9056.
In Switzerland, the Gross Domestic Product (GDP) rose 1.3% (YoY) in the fourth quarter of 2011, in comparison with 1.6% rise in the previous quarter. Additionally, the SVME the Purchasing Managers’ Index (PMI) rose to 49.0 in February, compared to 47.3 in January.
In the Asian session, at GMT0400, the pair is trading at 0.9070, with the USD trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 0.9037, and a fall through could take it to the next support level of 0.9004. The pair is expected to find its first resistance at 0.9088, and a rise through could take it to the next resistance level of 0.9106.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
