USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CHF and closed at 0.9247.
Switzerland’s trade surplus widened to CHF2.0 billion in September, from a revised CHF1.6 billion surplus in August. Meanwhile, exports increased to CHF16.5 billion in September, from a revised CHF15.5 billion in August, while imports rose to CHF14.5 billion in September, from a revised CHF13.8 billion in August.
In the Asian session, at GMT0300, the pair is trading at 0.9247, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9223, and a fall through could take it to the next support level of 0.9199. The pair is expected to find its first resistance at 0.9264, and a rise through could take it to the next resistance level of 0.9281.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
