USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.49% against the CHF and closed at 0.9080.
The Federal Reserve Bank of Dallas President, Richard W. Fisher stated that no further monetary stimulus will be needed after the US Federal Reserve completes its planned $600 billion of Treasury purchases in June.
Additionally, mortgage applications in the US rose by 2.7% for the week ended on March 18 compared to 0.7% decline the previous week.
In the Asian session, at 4:00GMT, the pair is trading at 0.9107, 0.30% higher from the New York session close.
The pair has its first short term resistance at 0.9157, followed by the next resistance at 0.9208. The first area of support is at 0.9015 levels, with the subsequent support at 0.8924.
Investors are eying Swiss National Bank board member, Jean-Pierre Danthine speech to be released later today.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
