USDCHF Movement
For the 24 hours to 23:00 GMT on Friday, the USD rose marginally against the CHF and closed at 0.9282.
Switzerland’s KOF Institute’s economic barometer fell to a reading of 1.50 in November, from a revised reading of 1.64 in October.
In the Asian session, at GMT0400, the pair is trading at 0.9251, with the USD trading 0.33% lower from Friday’s close.
The pair is expected to find support at 0.9233, and a fall through could take it to the next support level of 0.9215. The pair is expected to find its first resistance at 0.9281, and a rise through could take it to the next resistance level of 0.9310.
Trading trends in the pair today are expected to be determined by the release of real retail sales, KOF leading indicator and the SVME – Purchasing Managers’ Index data in Switzerland.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
