USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.61% against the CHF and closed at 0.9594, following disappointing economic data from the US.
In economic news, the UBS real estate bubble index in Switzerland recorded a rise to 1.29 in 3Q 2014, compared to a reading of 1.24 registered in the prior quarter.
In the Asian session, at GMT0400, the pair is trading at 0.9586, with the USD trading 0.08% lower from yesterday’s close.
The pair is expected to find support at 0.9562, and a fall through could take it to the next support level of 0.9537. The pair is expected to find its first resistance at 0.9629, and a rise through could take it to the next resistance level of 0.9671.
Going forward, investors await Switzerland’s CPI data for further cues, scheduled in a few hours from now.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
