USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.29% against the CHF and closed at 0.9657.
Yesterday, the Swiss National Bank ,Vice Chairman, Jean- Pierre Danthine, stated that the central bank is ready to take further measures including imposing possible capital controls.
Meanwhile, in the US, gross domestic product expanded at an annualized rate of 1.9% during the first quarter of 2012, in line with expectations.
In the Asian session, at GMT0300, the pair is trading at 0.9525, with the USD trading 1.37% lower from yesterday’s close.
The pair is expected to find support at 0.9466, and a fall through could take it to the next support level of 0.9406. The pair is expected to find its first resistance at 0.9632, and a rise through could take it to the next resistance level of 0.9738.
The currency pair is trading well below its 20 Hr and 50 Hr moving averages.
