USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CHF and closed at 0.9480, as the greenback remained buoyant on concerns over the financial situation in the Euro-zone.
In the Asian session, at GMT0400, the pair is trading at 0.9477, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9437, and a fall through could take it to the next support level of 0.9398. The pair is expected to find its first resistance at 0.9504, and a rise through could take it to the next resistance level of 0.9532.
Investors await Switzerland’s ZEW expectations survey due for release later today.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
