USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CHF and closed at 0.9222.
Yesterday, the Switzerland National Bank (SNB) Chairman, Thomas Jordan reiterated his stance that the central bank would not exit its policy of capping the currency soon. He stated that the central bank would continue to enforce the minimum exchange rate with utmost determination.
In the Asian session, at GMT0400, the pair is trading at 0.9214, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9191, and a fall through could take it to the next support level of 0.9167. The pair is expected to find its first resistance at 0.9244, and a rise through could take it to the next resistance level of 0.9273.
In Switzerland, ZEW survey expectations data is due later today.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
