USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.52% against the CHF and closed at 0.9335.
In Switzerland, producer and import prices rose by 0.1% (M-o-M) compared to a 0.3% increase posted in the previous month. In the US, existing-home sales rose 2.7% (M-o-M) in January to reach 5.36 million units from 5.22 million units in December 2010.
In the Asian session, at 4:00GMT, the pair is trading at 0.9301, 0.36% lower from the New York session close.
The pair has its first short term resistance at 0.9368, followed by the next resistance at 0.9435. The first area of support is at 0.9253 levels, with the subsequent support at 0.9205.
Trading trends in the pair today are expected to be determined by data release on employment level in Switzerland.
The currency pair is trading just below its 20 Hr & 50 Hr moving averages.
