USDCHF Movement
For the 24 hours to 23:00 GMT, the USD traded flat against the CHF and closed at 1.0091.
In the Asian session, at GMT0400, the pair is trading at 1.0085, with the USD trading 0.06% lower against the CHF from yesterday’s close.
The pair is expected to find support at 1.0061, and a fall through could take it to the next support level of 1.0036. The pair is expected to find its first resistance at 1.0113, and a rise through could take it to the next resistance level of 1.0140.
Investors would look forward to Switzerland’s trade balance figures for October, slated to release in a while.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
