USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.25% against the CHF and closed at 0.8783.
In the US, the consumer confidence index in the US edged down unexpectedly to 39.80 in October. Also, the Federal Reserve Bank of Richmond reported that its manufacturing general-business index remained stable at -6.0 in October, unchanged since the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.8780, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.8753, and a fall through could take it to the next support level of 0.8725. The pair is expected to find its first resistance at 0.8827, and a rise through could take it to the next resistance level of 0.8873.
The currency pair is trading just below its 20 Hr and its 50 Hr moving averages.
