USDCHF Movement
For the 24 hours to 23:00 GMT on Friday, the USD rose 0.33% against the CHF and closed at 0.9404.
In Switzerland, the KOF leading indicator rose to 1.67 points in September, compared to a revised reading of 1.59 in August.
Meanwhile, in the US, Dallas Fed President, Richard Fisher, stated that the nation is “drowning in unemployment,” and economy is running at stall speed. He further added that while inflation is not a problem, easier monetary policy is not the solution.
In the Asian session, at GMT0300, the pair is trading at 0.9426, with the USD trading 0.23% higher from Friday’s close.
The pair is expected to find support at 0.9361, and a fall through could take it to the next support level of 0.9297. The pair is expected to find its first resistance at 0.9464, and a rise through could take it to the next resistance level of 0.9502.
Trading trends in the pair today are expected to be determined by the release of retail sales and SVME-purchasing managers index data in Switzerland.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
