USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.94% against the CHF and closed at 0.9254, as uncertainty over Federal Reserve’s future plan of action regarding its stimulus program continued to weigh over investor sentiment.
In the Asian session, at GMT0300, the pair is trading at 0.9272, with the USD trading 0.19% higher from yesterday’s close.
The pair is expected to find support at 0.9214, and a fall through could take it to the next support level of 0.9157. The pair is expected to find its first resistance at 0.9363, and a rise through could take it to the next resistance level of 0.9455.
In absence of key domestic data from Switzerland, traders would now turn their focus to the Swiss trade balance data and the monthly statistical bulletin data to be released next week.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
