USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CHF and closed at 1.0066.
On the macro front, Switzerland’s producer and import price index advanced 2.3% on an annual basis in October, compared to a climb of 2.6% in the prior month. Market participants had anticipated the index to gain 2.2%.
In the Asian session, at GMT0400, the pair is trading at 1.0067, with the USD trading slightly higher against the CHF from yesterday’s close.
The pair is expected to find support at 1.0041, and a fall through could take it to the next support level of 1.0014. The pair is expected to find its first resistance at 1.0111, and a rise through could take it to the next resistance level of 1.0154.
With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic releases for further directions.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
