USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.19% against the CHF and closed at 0.9600.
The Federal Reserve of Philadelphia President, Charles Plosser, stated there is no point in launching a third round of quantitative easing (QE3), in part because it risks future inflation.
Separately, the number of people who filed for unemployment assistance in the US held steady at 374,000 in the week ended August 25, compared to expectations for a decline to 370,000.
In the Asian session, at GMT0300, the pair is trading at 0.9595, with the USD trading 0.05% lower from yesterday’s close.
The pair is expected to find support at 0.9564, and a fall through could take it to the next support level of 0.9532. The pair is expected to find its first resistance at 0.9622, and a rise through could take it to the next resistance level of 0.9648.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
