USD/CHF: Swiss Franc gaining strength this morning ahead of Swiss UBS consumption indicator

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, USD rose 0.46% against the CHF and closed at 0.9175.

In the Asian session, at GMT0400, the pair is trading at 0.9139, with the USD trading 0.39% lower from yesterday’s close.

The pair is expected to find support at 0.9110, and a fall through could take it to the next support level of 0.9081. The pair is expected to find its first resistance at 0.9189, and a rise through could take it to the next resistance level of 0.9239.

The pair is expected to trade on the cues from the release of UBS consumption indicator in Switzerland.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

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