USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.48% against the CHF and closed at 1.0014.
In the Asian session, at GMT0400, the pair is trading at 0.9989, with the USD trading 0.25% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9931, and a fall through could take it to the next support level of 0.9874. The pair is expected to find its first resistance at 1.0038, and a rise through could take it to the next resistance level of 1.0088.
Moving ahead, market participants would concentrate on Switzerland’s ZEW expectations survey for November, slated to release in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
