USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.69% against the CHF and closed at 0.9309. The Swiss Franc rose, following a rise in nation’s industrial production.
Switzerland’s industrial production rose 4.6% (YoY) in Q2 FY2012, compared to a 1.4% rise in the previous quarter.
In the Asian session, at GMT0300, the pair is trading at 0.9306, with the USD trading 0.03% lower from yesterday’s close.
The pair is expected to find support at 0.9274, and a fall through could take it to the next support level of 0.9241. The pair is expected to find its first resistance at 0.9361, and a rise through could take it to the next resistance level of 0.9415.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
