USD/CHF: Switzerland’s inflation slowed in September


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.03% against the CHF and closed at 0.9918 on Friday.

Data showed that Switzerland’s consumer price inflation slowed to 1.0% on a yearly basis in September, from a rate of 1.2% posted in the last month.

In the Asian session, at GMT0300, the pair is trading at 0.992, with the USD trading 0.02% higher against the CHF from Friday’s close.

The pair is expected to find support at 0.9902, and a fall through could take it to the next support level of 0.9883. The pair is expected to find its first resistance at 0.9947, and a rise through could take it to the next resistance level of 0.9973.

Looking forward, market participants would keep a close watch on Switzerland’s unemployment rate for September, due in a few hours.

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

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