USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.44% against the CHF and closed at 0.9235.
The Federal Reserve, in its Beige Book, reported continued expansion of economic activity in the US, in January and early February. It also reported signs of rising inflation pressures.
In the Asian session, at 4:00GMT, the pair is trading at 0.9239, 0.04% higher from the New York session close.
The pair has its first short term resistance at 0.9282, followed by the next resistance at 0.9325. The first area of support is at 0.9206 levels, with the subsequent support at 0.9173.
Trading trends in the pair today are expected to be determined by data release on real retail sales in Switzerland.
The currency pair is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.
