USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.38% against the CHF and closed at 0.9756.
In economic news, Swiss total sight deposits stood at CHF399.2 billion in the week ended 02 October, up from CHF465.6 billion in the previous week. Meanwhile, domestic sight deposits for the week ended 02 October, inched up to CHF465.3 billion from CHF405.1 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9763, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9709, and a fall through could take it to the next support level of 0.9655. The pair is expected to find its first resistance at 0.9794, and a rise through could take it to the next resistance level of 0.9825.
Going ahead, market participants will look forward to Switzerland’s consumer price inflation data for the month of September, scheduled to release in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
