USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9329.
The US Federal Reserve (Fed), in its latest monetary policy meeting, pledged to maintain its key interest rate unchanged at 0.25% at least through mid-2015 and monthly purchases of $40.0 billion mortgage-backed securities program, citing elevated unemployment rate and modest economic growth.
In the Asian session, at GMT0300, the pair is trading at 0.9322, with the USD trading 0.08% lower from yesterday?s close.
The pair is expected to find support at 0.9301, and a fall through could take it to the next support level of 0.9281. The pair is expected to find its first resistance at 0.9352, and a rise through could take it to the next resistance level of 0.9383.
The currency pair is trading below with its 20 Hr and 50 Hr moving averages.
This entry was posted in USD/CHF. Bookmark the permalink.Source: http://forexnews.gcitrading.com/currencies/usdchf/usdchf-pair-trading-lower-in-the-asian-session.htm
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