USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.54% against the CHF and closed at 0.9708 on Friday.
On the data front, Switzerland’s KOF economic indicator index rose to a level of 101.3 in September, compared to a revised reading of 99.7 in the prior month and beating market expectations for a climb to a level of 100.5.
In the Asian session, at GMT0300, the pair is trading at 0.9721, with the USD trading 0.13% higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9659, and a fall through could take it to the next support level of 0.9596. The pair is expected to find its first resistance at 0.9768, and a rise through could take it to the next resistance level of 0.9814.
Moving ahead, Switzerland’s real retail sales for August and SVME-purchasing manager’s index for September, due to release in a few hours, would keep investor’s on their toes.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
