USD/CHF: Swiss Franc trading higher this morning

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, USD declined 0.21% against the CHF and closed at 0.9070.

In the US, the New York Federal Reserve Bank President William Dudley stated that the US central bank should not be too enthusiastic about tightening monetary policy soon as there is still significant slack in the economy.

In the Asian session, at 3:00GMT, the pair is trading at 0.9025, 0.50% lower from the New York session close.

The pair has its first short term resistance at 0.9081, followed by the next resistance at 0.9137. The first area of support is at 0.8994 levels, with the subsequent support at 0.8963.

The currency pair is trading below its 20 Hr moving average and 50 Hr moving average.

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