USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.53% against the CHF and closed at 0.9934.
In economic news, Switzerland’s total sight deposits inched up to a level of CHF577.6 billion during the week ended 17 November, from CHF577.5 billion recorded in the previous week.
In the Asian session, at GMT0400, the pair is trading at 0.9928, with the USD trading 0.06% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9892, and a fall through could take it to the next support level of 0.9857. The pair is expected to find its first resistance at 0.9950, and a rise through could take it to the next resistance level of 0.9973.
Ahead in the day, traders would eye the release of Switzerland’s trade balance figures for October.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
