USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CHF and closed at 1.0104.
In economic news, Switzerland’s total sight deposits eased to a level of CHF577.2 billion in the week ended 09 November, from CHF577.5 billion in the previous week.
In the Asian session, at GMT0400, the pair is trading at 1.0099, with the USD trading 0.05% lower against the CHF from yesterday’s close.
The pair is expected to find support at 1.0067, and a fall through could take it to the next support level of 1.0034. The pair is expected to find its first resistance at 1.0122, and a rise through could take it to the next resistance level of 1.0144.
Trading trend in the Swiss Franc today, will be determined by the release of Switzerland’s producer and import prices for October, set to release in a while.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
