USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CHF and closed at 0.9730.
On the data front, Switzerland’s UBS real estate bubble index edged up to a level of 1.35 in 3Q 2016. In the prior quarter, the index had recorded a level of 1.32.
In the Asian session, at GMT0400, the pair is trading at 0.9701, with the USD trading 0.3% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9680, and a fall through could take it to the next support level of 0.9658. The pair is expected to find its first resistance at 0.9734, and a rise through could take it to the next resistance level of 0.9766.
Going ahead, market participants would focus on Switzerland’s SECO consumer confidence index for October, due to release in some time.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
