USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.45% against the CHF and closed at 0.9201, as investors flocked to US dollar over worries the Euro-zone debt crisis would spread.
In the Asian session, at GMT0400, the pair is trading at 0.9201, with the USD flat from yesterday’s close.
The pair is expected to find support at 0.9150, and a fall through could take it to the next support level of 0.9099. The pair is expected to find its first resistance at 0.9241, and a rise through could take it to the next resistance level of 0.9281.
Trading trends in the pair today are expected to be determined by data release on ZEW survey – expectations in Switzerland.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
