USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.78% against the CHF and closed at 0.9171, as investors favoured the Swiss Franc ahead of the release of the minutes from FOMC’s latest meeting.
In the Asian session, at GMT0300, the pair is trading at 0.9167, with the USD trading slightly lower from yesterday’s close.
The pair is expected to find support at 0.9127, and a fall through could take it to the next support level of 0.9088. The pair is expected to find its first resistance at 0.9226, and a rise through could take it to the next resistance level of 0.9286.
Apart from US Federal Reserve minutes, traders would keep a tab on the Monthly Statistical Bulletin, released by Swiss National Bank later today.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
