USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.59% against the CHF and closed at 1.0169.
In the Asian session, at GMT0400, the pair is trading at 1.0185, with the USD trading 0.16% higher against the CHF from yesterday’s close.
The pair is expected to find support at 1.0116, and a fall through could take it to the next support level of 1.0048. The pair is expected to find its first resistance at 1.0222, and a rise through could take it to the next resistance level of 1.0260.
Looking forward, Switzerland’s industrial production for 3Q 2016, scheduled to release in a few hours, would be on investor’s radar.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
