USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.20% against the CHF and closed at 0.9471.
In the Asian session, at 4:00GMT, the pair is trading at 0.9490, 0.20% higher from the New York session close.
In Switzerland, M3 money supply in Switzerland grew 6.7% in January on an annual basis, following a 7.0% rise recorded in December.
The pair has its first short term resistance at 0.9515, followed by the next resistance at 0.9540. The first area of support is at 0.9456 levels, with the subsequent support at 0.9422.
The pair is expected to trade on the cues from the release of UBS consumption indicator and trade balance.
The currency pair is showing convergence with its 20 Hr moving average and 50 Hr moving average.
