USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.96% against the CHF and closed at 0.9107, as the minutes from the latest FOMC meeting highlighted policymakers’ willingness to start tapering the central bank’s $85 billion monthly stimulus package by the end of this 2013 and end them by the mid of 2014.
In the Asian session, at GMT0300, the pair is trading at 0.9122, with the USD trading 0.16% higher from yesterday’s close.
The pair is expected to find support at 0.9075, and a fall through could take it to the next support level of 0.9027. The pair is expected to find its first resistance at 0.9151, and a rise through could take it to the next resistance level of 0.9179.
With no economic releases from Switzerland, traders are eyeing global economic news for further guidance in the pair.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
