USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.55% against the CHF and closed at 0.9777. In economic news, Switzerland’s GDP expanded more than expected 0.6% on a quarterly basis in 3Q 2014, against market expectations for a growth of 0.3% and following a similar rise registered in the prior quarter.
In the Asian session, at GMT0400, the pair is trading at 0.9778, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9734, and a fall through could take it to the next support level of 0.9689. The pair is expected to find its first resistance at 0.9804, and a rise through could take it to the next resistance level of 0.9829.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
