USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.50% against the CHF and closed at 0.9746.
In economic news, Swiss total sight deposits stood at CHF465.6 billion in the week ended 25 September, up from CHF464.9 billion in the previous week. Domestic sight deposits for the week ended 25September, inched up to CHF405.1 billion from CHF402.2 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9725, with the USD trading 0.22% lower from yesterday’s close.
The pair is expected to find support at 0.9689, and a fall through could take it to the next support level of 0.9653. The pair is expected to find its first resistance at 0.9789, and a rise through could take it to the next resistance level of 0.9853.
Going ahead, market participants will look forward to Switzerland’s retail sales data, purchasing manager’s index data, the UBS consumption indicator and the KOF leading indicator, later this week.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
