USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.30% against the CHF and closed at 0.9254.
In the US, Minneapolis Federal Reserve Bank President, Narayana Kocherlakota stated that the Federal Reserve is committed keeping inflation under control as part of its continuing role in promoting affordable and accessible housing finance.
In the Asian session, at 3:00GMT, the pair is trading at 0.9256, 0.02% higher from the New York session close.
The pair has its first short term resistance at 0.9301, followed by the next resistance at 0.9346. The first area of support is at 0.9206 levels, with the subsequent support at 0.9156.
CHF is likely to receive increased market attention, with consumer price index data due to be released later today.
The currency pair is trading well below its 20 Hr and 50 Hr moving averages.
