USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.56% against the CHF and closed at 0.9803.
Late yesterday, the Fitch Ratings affirmed its triple-A rating on the US but stated that the outlook remains negative, noting risks related to the uncertainty of US fiscal policy and the European debt crisis remain.
In the Asian session, at GMT0300, the pair is trading at 0.9794, with the USD trading 0.09% lower from yesterday’s close.
The pair is expected to find support at 0.9750, and a fall through could take it to the next support level of 0.9705. The pair is expected to find its first resistance at 0.9827, and a rise through could take it to the next resistance level of 0.9859.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
