USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.69% against the CHF and closed at 0.9491.
In economic news, the SNB reported that the real estate index for single family homes in Switzerland climbed to 438.7 in 3Q 2014, compared to a revised level of 437.2 recorded in the previous quarter.
In the Asian session, at GMT0300, the pair is trading at 0.9498, with the USD trading 0.07% higher from yesterday’s close.
The pair is expected to find support at 0.9459, and a fall through could take it to the next support level of 0.9421. The pair is expected to find its first resistance at 0.9545, and a rise through could take it to the next resistance level of 0.9593.
Meanwhile, investors look forward to Swiss producer price index (PPI) data, set for release in a few hours from now.
The currency pair is trading below with its 20 Hr and 50 Hr moving averages.
