USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.32% against the CHF and closed at 0.9288.
On the Swiss economic front, the UBS Swiss consumption indicator fell to a reading of 1.18 in January, from a revised reading of 1.32 in December. Meanwhile, the KOF leading indicator declined to a reading of 1.03 in February, from a revised reading of 1.12 registered in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9296, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9272, and a fall through could take it to the next support level of 0.9249. The pair is expected to find its first resistance at 0.9327, and a rise through could take it to the next resistance level of 0.9359.
Switzerland’s much awaited GDP data is due today, wherein investors speculate an annual drop in the Q42012.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
