USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.19% against the CHF and closed at 0.9170. Swiss franc rose against greenback, after the country sold bonds, amid demand for its assets as a refuge from European debt crisis.
Switzerland sold 872.3 million Francs of 30-year bonds at an average yield of 1.168%, and auctioned 177.4 million Francs of the 2021 securities at a yield of 0.705%.
In the Asian session, at GMT0300, the pair is trading at 0.9158, with the USD trading 0.14% lower from yesterday’s close.
The pair is expected to find support at 0.9129, and a fall through could take it to the next support level of 0.9100. The pair is expected to find its first resistance at 0.9187, and a rise through could take it to the next resistance level of 0.9217.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
