USD/CHF: Swiss Franc trading lower, ahead of the Swiss KOF leading indicator data

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.52% against the CHF and closed at 0.9656.

In the Asian session, at GMT0300, the pair is trading at 0.9662, with the USD trading 0.06% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9624, and a fall through could take it to the next support level of 0.9585. The pair is expected to find its first resistance at 0.9712, and a rise through could take it to the next resistance level of 0.9761.

Looking ahead, market participants would keep a close watch on Switzerland’s KOF leading indicator data for September, slated to release in some time.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

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