USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9485.
On Sunday, the Swiss National Bank board member, Fritz Zurbruegg, indicated that central bank is prepared to take additional measures to protect the Swiss economy should a further slowdown make it necessary. However he, did not specify what action the bank might take.
In the Asian session, at GMT0400, the pair is trading at 0.9502, with the USD trading 0.18% higher from yesterday’s close.
The pair is expected to find support at 0.9478, and a fall through could take it to the next support level of 0.9455. The pair is expected to find its first resistance at 0.9516, and a rise through could take it to the next resistance level of 0.9530.
Trading trends in the pair today are expected to be determined by the release of the producer & import prices in Switzerland.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
