USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 1.29% against the CHF and closed at 0.8896, after reports showed that the Swiss manufacturing index declined more than expected.
The Purchasing Managers’ Index (PMI) in Switzerland declined to 46.9 in October, compared to 48.2 in September.
In the Asian session, at GMT0400, the pair is trading at 0.8860, with the USD trading 0.40% lower from yesterday’s close.
The pair is expected to find support at 0.8775, and a fall through could take it to the next support level of 0.8691. The pair is expected to find its first resistance at 0.8952, and a rise through could take it to the next resistance level of 0.9045.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
