USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9316.
In Switzerland, the manufacturing purchasing managers’ index (PMI) rose to a reading of 46.1 in October, against the forecast for a rise to 44.7, and compared to a reading of 43.6 in the previous month. Moreover, retail sales rose 5.4% (YoY) in September, slower than the revised 6.0% rise in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9327, with the USD trading 0.12% higher from yesterday’s close.
The pair is expected to find support at 0.9301, and a fall through could take it to the next support level of 0.9275. The pair is expected to find its first resistance at 0.9348, and a rise through could take it to the next resistance level of 0.9368.
The currency pair is trading in between its 20 Hr and 50 Hr moving averages.
