USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CHF and closed at 0.9377, after data showed that the US economy expanded 1.3% in the second quarter of 2012, down from a preliminary estimate of 1.7%.
Additionally, the US durable goods orders fell 13.2% in August, making it the steepest decline since January 2009.
In the Asian session, at GMT0300, the pair is trading at 0.9359, with the USD trading 0.2% lower from yesterday’s close.
The pair is expected to find support at 0.9334, and a fall through could take it to the next support level of 0.9310. The pair is expected to find its first resistance at 0.9400, and a rise through could take it to the next resistance level of 0.9442.
Trading trends in the pair today are expected to be determined by the release of KOF Swiss leading indicator data.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
