USDCHF Movement
For the 24 hours to 23:00 GMT, USD traded flat against the CHF and closed at 0.9136.
In Switzerland, the UBS Real Estate Bubble Index rose to 0.95 in the first quarter of 2012, compared to 0.80 in fourth quarter of 2011.
In the Asian session, at GMT0300, the pair is trading at 0.9131, with the USD trading 0.05% lower from yesterday’s close.
The pair is expected to find support at 0.9106, 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 0.9165, and a rise through could take it to the next resistance level of 0.9199.
The pair is expected to trade on the cues from the release of real retail sales data in Switzerland.
The currency pair is showing convergence with its 50 Hr and is trading below its 20 Hr moving average.
