USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.9510.
In economic news, number of employed people in Switzerland increased to 4.23 million on a quarterly basis in 4Q 2014, compared to previous month’s level of 4.227 million.
In the Asian session, at GMT0400, the pair is trading at 0.9500, with the USD trading 0.11% lower from yesterday’s close.
The pair is expected to find support at 0.9471, and a fall through could take it to the next support level of 0.9442. The pair is expected to find its first resistance at 0.9527, and a rise through could take it to the next resistance level of 0.9554.
Looking ahead, investors await Switzerland’s UBS consumption indicator data, scheduled in a few hours, for further cues.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
