USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.31% against the CHF and closed at 0.9473.
In Switzerland, the State Secretariat for Economic Affairs (SECO) projected the economy to grow 2.1% in 2014, up from 2.0% estimated in December. For 2013, it expects relatively moderate 1.3% growth, unchanged from its previous forecast.
In the Asian session, at GMT0400, the pair is trading at 0.9464, with the USD trading 0.10% lower from yesterday’s close.
The pair is expected to find support at 0.9423, and a fall through could take it to the next support level of 0.9382. The pair is expected to find its first resistance at 0.9497, and a rise through could take it to the next resistance level of 0.9530.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
