USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.29% against the CHF and closed at 1.0153, rebounding from its previous session losses.
Yesterday, the SNB Vice Chairman, Jean Pierre Danthine stated in an interview that the cap on the Swiss Franc would remain the central bank’s most important monetary policy tool to protect the Swiss economy from deflation.
In the Asian session, at GMT0400, the pair is trading at 1.0139, with the USD trading 0.14% lower from yesterday’s close.
The pair is expected to find support at 1.0107, and a fall through could take it to the next support level of 1.0075. The pair is expected to find its first resistance at 1.0181, and a rise through could take it to the next resistance level of 1.0223.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
