USDCHF Movement
For the 24 hours to 23:00 GMT, the USD traded flat against the CHF and closed at 0.9398.
In the Asian session, at GMT0300, the pair is trading at 0.9393, with the USD trading tad lower from yesterday’s close.
The pair is expected to find support at 0.9363, and a fall through could take it to the next support level of 0.9332. The pair is expected to find its first resistance at 0.9414, and a rise through could take it to the next resistance level of 0.9434.
Going forward, investors keenly await the SNB’s Q3 bulletin to get more insights on the Swiss economy, scheduled in a few hours.
The currency pair is trading above its 20 Hr moving average and showing convergence its 50 Hr moving average.
