USD/CHF: Swiss Franc trading lower in Asian session

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, USD rose 0.43% against the CHF and closed at 0.9204.

In Switzerland, UBS consumption indicator declined to 1.46 in February from 1.66 in January.

In the US, consumer confidence index fell to a reading of 63.4 in March, following an upwardly revised reading of 72.0 in February.

In the Asian session, at 3:00GMT, the pair is trading at 0.9233, 0.32% higher from the New York session close.

The pair has its first short term resistance at 0.9271, followed by the next resistance at 0.9309. The first area of support is at 0.9165 levels, with the subsequent support at 0.9097.

Trading trends in the pair today are expected to be determined by release of KOF leading indicator in Switzerland.

The currency pair is trading just below its 20 Hr and 50 Hr moving averages.

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