USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.30% against the CHF and closed at 0.9600.
The Swiss Franc advanced after the nation’s State Secretariat for Economics (SECO) raised growth forecasts for the economy to 1.4% for 2012, faster than 0.8% projected in March.
In the Asian session, at GMT0300, the pair is trading at 0.9619, with the USD trading 0.20% higher from yesterday’s close.
The pair is expected to find support at 0.9586, and a fall through could take it to the next support level of 0.9553. The pair is expected to find its first resistance at 0.9651, and a rise through could take it to the next resistance level of 0.9683.
Trading trends in the pair today are expected to be determined by the release producer and import prices in Switzerland.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
