USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 0.9328.
On the economic front, Switzerland’s seasonally adjusted unemployment rate stood stable at 2.9% in September, against the expectations for a rise to 3.0%. Moreover, the consumer price index (CPI) eased 0.4% annually in September, compared to a 0.5% drop in August. On a monthly basis, the CPI climbed 0.3% in September, after remaining flat in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9346, with the USD trading 0.19% higher from yesterday’s close.
The pair is expected to find support at 0.9325, and a fall through could take it to the next support level of 0.9304. The pair is expected to find its first resistance at 0.9362, and a rise through could take it to the next resistance level of 0.9379.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
