USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.91% against the CHF and closed at 0.9779, as the Fed lowered its projections future interest rate hikes and economic growth.
In the Asian session, at GMT0400, the pair is trading at 0.9777, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9713, and a fall through could take it to the next support level of 0.9649. The pair is expected to find its first resistance at 0.9878, and a rise through could take it to the next resistance level of 0.9979.
Moving ahead, investors will look forward to the SNB interest rate decision, along with Switzerland’s SECO March 2016 economic forecast data, due in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
