USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.75% against the CHF and closed at 0.9469, amid speculation that Federal Reserve would consider further monetary stimulus in its two-day meeting concluding today.
In the Asian session, at GMT0300, the pair is trading at 0.9475, with the USD trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 0.9420, and a fall through could take it to the next support level of 0.9366. The pair is expected to find its first resistance at 0.9542, and a rise through could take it to the next resistance level of 0.9610.
Trading trends in the pair today are expected to be determined by the release of ZEW survey – expectations in Switzerland.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
