USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.12% against the CHF and closed at 0.8231.
In the US, for the week ended 15 July 2011, the mortgage application volume, on a seasonally adjusted basis, rose 15.5% from one week earlier. Additionally, the existing home sales declined 0.8% to an annual rate of 4.77 million in June, following a rate of 4.81 million recorded in May.
In the Asian session, at 3:00GMT, the pair is trading at 0.8220, 0.13% lower from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8258, followed by the next resistance at 0.8295. The first area of support is at 0.8180 level, with the subsequent support at 0.8139.
Trading trends in the pair today are expected to be determined by data release on trade balance in Switzerland.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
