USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9316.
In the Asian session, at GMT0400, the pair is trading at 0.9300, with the USD trading 0.17% lower from yesterday’s close.
The pair is expected to find support at 0.9241, and a fall through could take it to the next support level of 0.9183. The pair is expected to find its first resistance at 0.9349, and a rise through could take it to the next resistance level of 0.9399.
Ahead in the day, the Swiss employment numbers for fourth quarter of 2012 are set to be released at 08:15 GMT. The Q3 employment level stood at 4.1 million and investors foresee a drop in the level in the Q4 FY2012.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
