USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 1.36% against the CHF and closed at 0.9416.
On the macro front, the ZEW survey revealed that the Swiss economic expectations index eased to a negative reading of 30.7 in October, compared to a level of -7.7 in the prior month.
In the Asian session, at GMT0300, the pair is trading at 0.9411, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9328, and a fall through could take it to the next support level of 0.9245. The pair is expected to find its first resistance at 0.9526, and a rise through could take it to the next resistance level of 0.9641.
Trading trends in the Swiss Franc today would be determined by Swiss SECO economic forecasts, scheduled in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
