USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CHF and closed at 0.9457.
On the economic front, Switzerland’s consumer price index declined 0.2% (YoY) in October, compared to a 0.4% drop recorded in September. Additionally, Swiss foreign currency reserves fell to CHF424.4 billion in October, from a revised CHF429.5 billion registered in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9459, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9403, and a fall through could take it to the next support level of 0.9347. The pair is expected to find its first resistance at 0.9493, and a rise through could take it to the next resistance level of 0.9528.
Trading trends in the pair today are expected to be determined by the release of the unemployment rate in Switzerland.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
