USD/CHF: Swiss Franc trading marginally lower, ahead of Swiss ZEW expectations data


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.9838.

In the Asian session, at GMT0400, the pair is trading at 0.9841, with the USD trading a tad higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9816, and a fall through could take it to the next support level of 0.9792. The pair is expected to find its first resistance at 0.9859, and a rise through could take it to the next resistance level of 0.9878.

Investors would focus on Switzerland’s ZEW expectations index for November as well as the UBS consumption indicator for October, both set to release in a while.

The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

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