USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.11% against the CHF and closed at 0.9803.
The Swiss Franc traded at a lowest level in two years after the Swiss National Bank (SNB) Chief, Thomas Jordan stated that, the central bank could impose negative interest rates and did not rule out any excess measures to lift its minimum exchange rate from the current CHF1.20/EUR.
In the Asian session, at GMT0300, the pair is trading at 0.9790, with the USD trading 0.13% lower from yesterday’s close.
The pair is expected to find support at 0.9699, and a fall through could take it to the next support level of 0.9609. The pair is expected to find its first resistance at 0.9860, and a rise through could take it to the next resistance level of 0.9931.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
