USD/CHF: Swiss Franc trading higher, data on Switzerland unemployment awaited

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, USD declined 0.31% against the CHF and closed at 0.9203.

In Switzerland, on annual basis, Consumer Price Index rose to 0.5% in September, compared to 0.2% rise in August. Additionally, the foreign currency reserves rose to CHF282.4 billion in September, from CHF253.4 billion in August.

In the Asian session, at GMT0300, the pair is trading at 0.9192, with the USD trading 0.12% lower from the New York close.

The pair is expected to find support at 0.9147, and a fall through could take it to the next support level of 0.9101. The pair is expected to find its first resistance at 0.9277, and a rise through could take it to the next resistance level of 0.9361.

Trading trends in the pair today are expected to be determined by release of unemployment rate in Switzerland.

The currency pair is trading just below its 20 Hr and 50 Hr moving averages.

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