USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CHF and closed at 0.9089.
According to the data published by the Union Bank of Switzerland (UBS) the Real Estate Bubble Index in Switzerland rose to a level of 1.11 in the fourth quarter of 2012, from a reading of 1.02 reported in the previous quarter.
In the Asian session, at GMT0400, the pair is trading at 0.9102, with the USD trading 0.14% higher from yesterday’s close.
The pair is expected to find support at 0.9076, and a fall through could take it to the next support level of 0.9051. The pair is expected to find its first resistance at 0.9123, and a rise through could take it to the next resistance level of 0.9145.
Trading trends in the pair today are expected to be determined by the release of trade balance data due later today in Switzerland.
The currency pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
