USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.56% against the CHF and closed at 0.8752.
In the US, The Federal Reserve kept the target range for the Federal funds rate in the range of 0.0% to 0.25% and continues to anticipate that economic conditions are likely to warrant exceptionally low levels for the Federal funds rate for an extended period. Additionally, The Federal Reserve lowered its 2011 gross domestic product (GDP) growth forecast range to 3.1% to 3.3% from the previous forecasted growth range of 3.4% to 3.9%.
In the Asian session, at 3:00GMT, the pair is trading at 0.8697, 0.63% lower from the New York session close.
The pair has its first short term resistance at 0.8793, followed by the next resistance at 0.8889. The first area of support is at 0.8643 levels, with the subsequent support at 0.8589.
The currency pair is trading just below its 20 Hr moving average and its 50 Hr moving average.
