USDCHF Movement
For the 24 hours to 23:00 GMT on Friday, USD declined 0.62% against the CHF and closed at 0.9079.
Swiss Franc was boosted, after the Swiss National Bank stated that it expects a moderate economic growth of close to 1.0% for 2012, after 1.9% expansion last year. Moreover, the KOF Economic Research Agency also raised its economic growth estimate for 2012 to 0.8% from 0.2% and kept its 2013 growth estimation unchanged at 1.9%.
In the Asian session, at GMT0300, the pair is trading at 0.9085, with the USD trading 0.07% higher from Friday’s close.
The pair is expected to find support at 0.9056, and a fall through could take it to the next support level of 0.9026. The pair is expected to find its first resistance at 0.9127, and a rise through could take it to the next resistance level of 0.9168.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
