USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.9066, as a downbeat PMI report from Switzerland overshadowed tensions of a US government shutdown.
In Switzerland, the SVME – purchasing managers’ index advanced to a reading of 55.3 in September, failing to meet market expectation for a rise to 56.3 and compared to a figure of 54.6 registered in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9065, with the USD trading tad lower from yesterday’s close.
The pair is expected to find support at 0.9012, and a fall through could take it to the next support level of 0.8958. The pair is expected to find its first resistance at 0.9099, and a rise through could take it to the next resistance level of 0.9132.
With lack of economic release from Switzerland, traders are keeping a track of the global economic news for further cues in the pair.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
