USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.05% against the CHF and closed at 0.9808, after the US Federal Reserve released the minutes of its latest monetary policy meeting that showed no new inclination to stimulate the US economy.
In the Asian session, at GMT0300, the pair is trading at 0.9811, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9775, and a fall through could take it to the next support level of 0.9738. The pair is expected to find its first resistance at 0.9840, and a rise through could take it to the next resistance level of 0.9868.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
