USD/CHF: Switzerland’s industrial production climbed in 3Q 2017


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CHF and closed at 0.9798.

In economic news, Switzerland’s industrial production advanced 8.6% YoY in the third quarter of 2017, compared to a revised gain of 3.2% in the prior quarter.

In the Asian session, at GMT0400, the pair is trading at 0.9807, with the USD trading 0.09% higher against the CHF from Friday’s close.

The pair is expected to find support at 0.9786, and a fall through could take it to the next support level of 0.9766. The pair is expected to find its first resistance at 0.9827, and a rise through could take it to the next resistance level of 0.9848.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

This entry was posted in USD/CHF. Bookmark the permalink.

Comments are closed.