USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.31% against the CHF and closed at 0.9165.
The trading volumes were muted amid thin market conditions in European hours yesterday, with traders away from their desks for the extended Easter holiday. The Swiss Franc breached the 1.20 limit versus the Euro early in Asian trade yesterday, the second time the barrier has been crossed since Switzerland’s central bank introduced the currency cap on Sept. 6.
In the Asian session, at GMT0300, the pair is trading at 0.9148, with the USD trading 0.18% lower from yesterday’s close.
The pair is expected to find support at 0.9127, and a fall through could take it to the next support level of 0.9106. The pair is expected to find its first resistance at 0.9188, and a rise through could take it to the next resistance level of 0.9229.
The pair is expected to trade on the cues from the release of unemployment rate data in Switzerland.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
