USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.27% against the CHF and closed at 0.9403.
Switzerland’s trade surplus widened to CHF2.8 billion in October, from a revised CHF1.9 billion surplus in September. Meanwhile, on a monthly basis, exports slumped 16.5% in October, compared to a 2.9% rise in the previous month, while imports dropped 8.2% in October, following a 4.6% rise in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9449, with the USD trading 0.48% higher from yesterday’s close.
The pair is expected to find support at 0.9408, and a fall through could take it to the next support level of 0.9366. The pair is expected to find its first resistance at 0.9474, and a rise through could take it to the next resistance level of 0.9500.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
