USDCHF Movement
For the 24 hours to 23:00 GMT, USD traded flat against the CHF, on Friday, and closed at 0.8380.
Swiss Franc traded flat against the greenback as fears that the austerity plan to stabilize Greece would not resolve Europe’s sovereign-debt crisis encouraged investors to buy safe-haven assets.
In the Asian session, at 3:00GMT, the pair is trading at 0.8373, 0.08% lower from Friday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8406, followed by the next resistance at 0.8439. The first area of support is at 0.8329 level, with the subsequent support at 0.8285.
With no major release from Switzerland, the pair is expected to trade on trends in the greenback.
The currency pair is trading between its 20 Hr and its 50 Hr moving averages.
