USDCHF Movement
For the 24 hours to 23:00 GMT, USD traded flat against the CHF and closed at 0.9073.
In Switzerland, the KOF Swiss Economic Institute reported that its employment indicator rose to a reading of 1.8 in the second quarter of 2012, compared to an upwardly revised reading of -3.0 posted in the previous quarter.
In the Asian session, at GMT0300, the pair is trading at 0.9070, with the USD trading 0.03% lower from yesterday’s close.
The pair is expected to find support at 0.9052, and a fall through could take it to the next support level of 0.9033. The pair is expected to find its first resistance at 0.9093, and a rise through could take it to the next resistance level of 0.9115.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
