USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.03% against the CHF and closed at 0.9077.
In the US, initial jobless claims, on weekly basis declined to 382,000 for the week ended on 19 March 2011, compared to 387,000 in the previous week. Additionally, continuing jobless claims fell to 3.721 million in the last week compared to 3.723 million in the previous week.
In the Asian session, at 4:00GMT, the pair is trading at 0.9084, 0.08% higher from the New York session close.
The pair has its first short term resistance at 0.9131, followed by the next resistance at 0.9177. The first area of support is at 0.9032 levels, with the subsequent support at 0.8979.
Trading trends in the currency pair are expected to be determined by release of KOF Institute economic forecast in Switzerland.
The currency pair is showing convergence with its 20 Hr moving average and trading just above its 50 Hr moving average.
