USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.71% against the CHF and closed at 0.9139.
In Switzerland, the KOF Leading indicator fell to 0.35 in November, compared to 0.75 in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9138, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 0.9052, and a fall through could take it to the next support level of 0.8966. The pair is expected to find its first resistance at 0.9238, and a rise through could take it to the next resistance level of 0.9338.
Trading trends in the pair today are expected to be determined by release of Gross Domestic Product (GDP) and SVME – Purchasing Managers’ Index (PMI) in Switzerland.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
