USD/CHF: Pair Trading Above Its MA's

USD/CHF: Pair Trading Above Its MA's

For the 24 hours to 23:00 GMT, the USD rose 0.64% against the CHF and closed at 0.9393.

In the Asian session, at GMT0300, the pair is trading at 0.9383, with the USD trading 0.11% lower from yesterday's close.

The pair is expected to find support at 0.9332, and a fall through could take it to the next support level of 0.9280. The pair is expected to find its first resistance at 0.9422, and a rise through could take it to the next resistance level of 0.9460.

Trading trends in the pair are expected to be determined by the release of the UBS consumption indicator in Switzerland later today.