USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.31% against the CHF and closed at 0.9096, amid a broad strength in the greenback following upbeat data from the US.
In economic news, the UBS real estate bubble index in Switzerland rose to 1.24 in 2Q 2014, after a reading of 1.22 in the past month.
In the Asian session, at GMT0300, the pair is trading at 0.9095, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9065, and a fall through could take it to the next support level of 0.9034. The pair is expected to find its first resistance at 0.9119, and a rise through could take it to the next resistance level of 0.9142.
Trading trends in the Swiss Franc today are expected to be determined by the release of consumer prices from Switzerland, scheduled later in the day.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
