USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.84% against the CHF and closed at 0.8404, on investors speculation that China would increase its interest rates, and increased appeal for safe-haven assets.
In the Asian session, at 3:00GMT, the pair is trading at 0.8390, 0.17% lower from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8462, followed by the next resistance at 0.8534. The first area of support is at 0.8351 level, with the subsequent support at 0.8312.
Trading trends in the pair today are expected to be determined by data release on foreign currency reserves in Switzerland.
The currency pair is trading just below its 20 Hr and its 50 Hr moving averages.
