USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 1.24% against the CHF and closed at 0.8993.
Swiss Franc eased on talks that the Swiss National Bank may lift its Euro/Swiss target to 1.25 from 1.20.
Meanwhile in economic news, M3 money supply in Switzerland rose 7.6% Y-o-Y in August, compared to an upwardly revised 6.0% growth in the last month.
In the Asian session, at 3:00GMT, the USD is trading at 0.9016, 0.26% higher versus Swiss Franc, from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.9069, followed by the next resistance at 0.9121. The first area of support is at 0.8913 level, with the subsequent support at 0.8810.
Trading trends in the pair today are expected to be determined by the release of ZEW survey of expectations, later today.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
