USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CHF and closed at 0.9612.
In economic news, the Swiss UBS consumption indicator index dropped to a level of 1.29 in October. The index had registered a revised reading of 1.39 in September.
In the Asian session, at GMT0400, the pair is trading at 0.9614, with the USD trading a tad higher from yesterday’s close.
The pair is expected to find support at 0.9583, and a fall through could take it to the next support level of 0.9552. The pair is expected to find its first resistance at 0.9656, and a rise through could take it to the next resistance level of 0.9698.
Meanwhile, market participants await Swiss industrial production data for further cues, scheduled in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
