USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9225.
In Switzerland, a survey by the Center for European Economic Research (ZEW) showed that economic sentiment improved to a reading of -28.9 in October, compared to a reading of -34.9 in September.
In the Asian session, at GMT0300, the pair is trading at 0.9242, with the USD trading 0.19% higher from yesterday’s close.
The pair is expected to find support at 0.9222, and a fall through could take it to the next support level of 0.9202. The pair is expected to find its first resistance at 0.9255, and a rise through could take it to the next resistance level of 0.9268.
Trading trends in the pair today are expected to be determined by the releases of trade balance in Switzerland.
The currency pair is trading between its 20 Hr and 50 Hr moving average.
