USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.79% against the CHF and closed at 0.9236, as the Federal Reserve policy makers raised their assessment of the economy as the labor market gathered strength and refrained from additional steps to lower borrowing costs.
In economic news, producer and import prices in Switzerland fell 1.9% (YoY) in February.
In the Asian session, at GMT0400, the pair is trading at 0.9242, with the USD trading 0.07% higher from yesterday’s close.
The pair is expected to find support at 0.9173, and a fall through could take it to the next support level of 0.9104. The pair is expected to find its first resistance at 0.9280, and a rise through could take it to the next resistance level of 0.9319.
Trading trends in the pair today are expected to be determined by ZEW expectation survey in the Switzerland.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
