USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.65% against the CHF and closed at 0.9735.
Yesterday, Switzerland’s foreign currency reserves increased to CHF541.5 billion in September, from CHF540.4 billion in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9729, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9670, and a fall through could take it to the next support level of 0.9611. The pair is expected to find its first resistance at 0.9766, and a rise through could take it to the next resistance level of 0.9803.
Going ahead, investors will pay close attention to Switzerland’s unemployment rate for September, scheduled to be released in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
