USDCHF Movement
For the 24 hours to 23:00 GMT, the USD traded tad lower against the CHF and closed at 0.9191.
In economic news, the Switzerland’s economy stagnated on a quarterly basis in 2Q 2014, following an expansion of 0.5% in the previous quarter.
In the Asian session, at GMT0300, the pair is trading at 0.9193, with the USD trading tad higher from yesterday’s close.
The pair is expected to find support at 0.9182, and a fall through could take it to the next support level of 0.9171. The pair is expected to find its first resistance at 0.9209, and a rise through could take it to the next resistance level of 0.9225.
Amid lack of economic releases from Switzerland today, investors would pay attention to economic news from other countries.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
