?
USDCHF Movement
For the 24 hours to 23:00 GMT on Friday, the USD rose 0.32% against the CHF and closed at 0.9455, as demand for the greenback was supported by ongoing concerns over the US fiscal policy, as well as worries over the fiscal and economic outlook for the Euro-zone.
The Swiss National Bank Chairman, Thomas Jordan, stated that, at its current rate, the Swiss Franc remains high and is weighing on the Swiss economy. He reaffirmed that the central bank would continue to enforce the minimum 1.20 per euro exchange rate floor with utmost determination.
In the Asian session, at GMT0400, the pair is trading at 0.9448, with the USD trading marginally lower from Friday?s close.
The pair is expected to find support at 0.9418, and a fall through could take it to the next support level of 0.9389. The pair is expected to find its first resistance at 0.9484, and a rise through could take it to the next resistance level of 0.9521.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
This entry was posted in USD/CHF. Bookmark the permalink.underwood buffalo wings superbowl kick off time 2012 new york giants hot wings recipe 7 layer dip recipe chris carter
No comments:
Post a Comment