USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.15% against the CHF and closed at 0.9606.
The Swiss National Bank (SNB) stated that it would refrain for now from asking banks to build up more capital to protect them from the effects of a slowdown in the Swiss housing market, after property prices fell in the second quarter.
In the Asian session, at GMT0300, the pair is trading at 0.9624, with the USD trading 0.19% higher from yesterday’s close.
The pair is expected to find support at 0.9591, and a fall through could take it to the next support level of 0.9559. The pair is expected to find its first resistance at 0.9646, and a rise through could take it to the next resistance level of 0.9669.
Trading trends in the pair today are expected to be determined by the release of UBS consumption indicator in Switzerland.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
