USDCHF Movement
For the 24 hours to 23:00 GMT, the USD slightly declined against the CHF and closed at 0.9894.
In economic news, Switzerland’s total sight deposits fell to a level of CHF590.7 billion in the week ended 15 November 2019, from CHF591.5 billion in the previous week.
In the Asian session, at GMT0400, the pair is trading at 0.9898, with the USD trading marginally higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9873, and a fall through could take it to the next support level of 0.9849. The pair is expected to find its first resistance at 0.9918, and a rise through could take it to the next resistance level of 0.9939.
Going forward, traders would closely monitor Switzerland’s trade balance data for October, set to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
