USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.10% against the CHF and closed at 0.9626.
In economic news, Swiss total sight deposits remained unchanged at a level of CHF465.3 billion in the week ended 09 October, after registering the same in the previous week. Meanwhile, domestic sight deposits for the week ended 09 October, inched up to CHF401.2 billion from CHF399.2 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9632, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9602, and a fall through could take it to the next support level of 0.9572. The pair is expected to find its first resistance at 0.9655, and a rise through could take it to the next resistance level of 0.9679.
With no major economic releases in Switzerland today, investors look forward to the release of the nation’s ZEW economic survey data, scheduled tomorrow for further cues.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
