USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.08% against the CHF and closed at 0.9291.
In the US, personal income rose 1.0% (M-o-M) in January following a 0.4% increase posted in December.
In the Asian session, at 4:00GMT, the pair is trading at 0.9313, 0.24% higher from the New York session close.
The pair has its first short term resistance at 0.9330, followed by the next resistance at 0.9348. The first area of support is at 0.9275 levels, with the subsequent support at 0.9238.
The economic releases in Switzerland such as GDP and SVME- PMI are expected to be the key indicators to influence further trends in the currency pair.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
