USD/CHF: Pair trading below its MA’s

 

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.24% against the CHF and closed at 0.9276.

In Switzerland, the UBS real estate bubble index rose to a reading of 1.20 in the second quarter of 2013, compared to a reading of 1.17 reported in the previous quarter.

In the Asian session, at GMT0300, the pair is trading at 0.9273, with the USD trading modestly lower from yesterday’s close.

The pair is expected to find support at 0.9233, and a fall through could take it to the next support level of 0.9192. The pair is expected to find its first resistance at 0.9325, and a rise through could take it to the next resistance level of 0.9376.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

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