USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CHF and closed at 0.9743 on Friday.
On the data front, Switzerland’s producer and import price index recorded a rise of 0.5% on a monthly basis in September, more than market consensus for a gain of 0.3%. In the prior month, the index had registered a rise of 0.3%.
In the Asian session, at GMT0300, the pair is trading at 0.9757, with the USD trading 0.14% higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9717, and a fall through could take it to the next support level of 0.9678. The pair is expected to find its first resistance at 0.9784, and a rise through could take it to the next resistance level of 0.9812.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
