USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.26% against the CHF and closed at 0.9226.
Atlanta Federal Reserve President Dennis Lockhart stated that the economic recovery is well underway, but that serious imbalances need to be corrected to put the country on a more sustainable path.
In the Asian session, at 3:00GMT, the pair is trading at 0.9241, 0.16% higher from the New York session close.
The pair has its first short term resistance at 0.9268, followed by the next resistance at 0.9296. The first area of support is at 0.9200 levels, with the subsequent support at 0.9160.
With no key economic releases in Switzerland later today, CHF is expected to ride on general market cues against the greenback.
The currency pair is trading far below its 20 Hr and 50 Hr moving averages.
