USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CHF and closed at 0.9350, as drop in the US Richmond Federal manufacturing index bolstered speculation that the Federal Reserve would delay winding down its bond-buying program.
In the Asian session, at GMT0300, the pair is trading at 0.9359, with the USD trading 0.10% higher from yesterday’s close.
The pair is expected to find support at 0.9331, and a fall through could take it to the next support level of 0.9302. The pair is expected to find its first resistance at 0.9398, and a rise through could take it to the next resistance level of 0.9436.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
