USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.09% against the CHF and closed at 0.9004.
In economic news, the KOF leading indicator in Switzerland rose to a reading of 1.72 in October, surpassing analysts’ expectation for a rise to 1.60 from a level of 1.54, seen in the preceding month. Separately, Switzerland’s UBS consumption indicator advanced to a level of 1.56 in September, following a reading of 1.32 registered in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9011, with the USD trading 0.08% higher from yesterday’s close.
The pair is expected to find support at 0.8966, and a fall through could take it to the next support level of 0.8920. The pair is expected to find its first resistance at 0.9041, and a rise through could take it to the next resistance level of 0.9070.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
