USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CHF and closed at 0.9114.
In economic news, a report from Switzerland showed that the nation’s producer and import prices rose 0.1% (MoM) in September, defying analysts’ call for a 0.1% drop and compared to a 0.2% increase witnessed in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9105, with the USD trading 0.10% lower from yesterday’s close.
The pair is expected to find support at 0.9071, and a fall through could take it to the next support level of 0.9036. The pair is expected to find its first resistance at 0.9132, and a rise through could take it to the next resistance level of 0.9158.
Amid lack of economic release from Switzerland, traders are expected to keep a tab on global economic news for further guidance in the pair.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
