USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.38% against the CHF and closed at 0.9311.
In the Asian session, at GMT0300, the pair is trading at 0.9320, with the USD trading 0.10% higher from yesterday’s close.
The pair is expected to find support at 0.9284, and a fall through could take it to the next support level of 0.9248. The pair is expected to find its first resistance at 0.9341, and a rise through could take it to the next resistance level of 0.9362.
With no domestic releases in store today, the Swiss Franc is likely to be influenced by economic releases from UBS consumption indicator and KOF leading indicator and the all important the US Federal Reserve monetary policy meeting outcome scheduled for tomorrow.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
