USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 1.01% against the CHF and closed at 0.8939.In Switzerland, the trade surplus rose to CHF1.85 billion in September, compared to a surplus of CHF 808 million in August. Additionally, the ZEW survey expectations increased to -54.4 points in October from -75.7 points in September.
In the Asian session, at GMT0300, the pair is trading at 0.8886, with the USD trading 0.59% lower from yesterday’s close.
The pair is expected to find support at 0.8796, and a fall through could take it to the next support level of 0.8705. The pair is expected to find its first resistance at 0.9030, and a rise through could take it to the next resistance level of 0.9173.
Trading trends in the pair today are expected to be determined by data release on money supply in Switzerland.
The currency pair is trading well below its 20 Hr and 50 Hr moving averages.
