USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose marginally against the CHF and closed at 0.9715.
In economic news, the Swiss economy expanded 0.7% (QoQ) in the Q1 FY2012, compared to a 0.5% rise in the Q4 FY2012.
In the Asian session, at GMT0300, the pair is trading at 0.9724, with the USD trading 0.10% higher from yesterday’s close.
The pair is expected to find support at 0.9679, and a fall through could take it to the next support level of 0.9633. The pair is expected to find its first resistance at 0.9758, and a rise through could take it to the next resistance level of 0.9791.
The Swiss Francis likely to receive increased market attention, with retail sales and SVME-purchasing managers index (PMI) data due to be released in Switzerland later today.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
