USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.56% against the CHF and closed at 0.8999.
In the US, the trade deficit narrowed to $45.61 billion in August, compared to a revised deficit of $45.63 in July.
In Switzerland, the Producer Price Index (PPI) declined 2.0% Y-o-Y in September, following a 1.9% decline in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.8989, 0.11% lower from yesterday’s close.
The pair is expected to find support at 0.8932, and a fall through could take it to the next support level of 0.8874. The pair is expected to find its first resistance at 0.9043, and a rise through could take it to the next resistance level of 0.9096.
The currency pair is showing convergence with its 20 Hr and its 50 Hr moving average.
