USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.34% against the CHF and closed at 0.9637, following dismal weekly initial jobless claims data registered by the US.
In economic news, the producer and import prices index in Switzerland eased 0.1% on a monthly basis in October, lower than market expectations for a fall of 0.3% and following a drop of 0.1% registered in September.
In the Asian session, at GMT0400, the pair is trading at 0.9651, with the USD trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 0.9625, and a fall through could take it to the next support level of 0.9598. The pair is expected to find its first resistance at 0.9675, and a rise through could take it to the next resistance level of 0.9698.
Amid lack of economic releases from Switzerland today, investors await Swiss ZEW’s economic expectations data, scheduled next week.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
