USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CHF and closed at 0.9348.
In the US, the Federal Reserve Bank of Dallas business activity index rose to -0.9 in September from -1.6 in August. However, the Federal Reserve Bank of Chicago national activity index fell to -0.87 in August after being revised up slightly to -0.12 in July.
In the Asian session, at GMT0300, the pair is trading at 0.9349, with the USD trading marginally higher from Yesterday’s close.
The pair is expected to find support at 0.9323, and a fall through could take it to the next support level of 0.9297. The pair is expected to find its first resistance at 0.9383, and a rise through could take it to the next resistance level of 0.9417.
The pair is expected to take cues from the release of the release of UBS consumption indicator in Switzerland.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
