USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.12% against the CHF and closed at 1.0066.
In economic news, Switzerland’s foreign currency reserves advanced to CHF550.9 billion in October, from CHF541.4 billion in the previous month.
In the Asian session, at GMT0400, the pair is trading at 1.0043, with the USD trading 0.23% lower from Friday’s close.
The pair is expected to find support at 0.9965, and a fall through could take it to the next support level of 0.9887. The pair is expected to find its first resistance at 1.0099, and a rise through could take it to the next resistance level of 1.0155.
With no economic releases in Switzerland today, investors will look forward to the nation’s unemployment rate for October, scheduled to be released tomorrow.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
