USD/CHF: Swiss Franc trading lower this morning after yesterday’s rise

 

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CHF and closed at 0.9320.

Switzerland’s producer and import price index rose 0.3% (MoM) in September, compared to a 0.5% rise in August, while on an annual basis the producer and import price climbed 0.3% in September.

In the Asian session, at GMT0300, the pair is trading at 0.9326, with the USD trading 0.07% higher from yesterday’s close.

The pair is expected to find support at 0.9305, and a fall through could take it to the next support level of 0.9283. The pair is expected to find its first resistance at 0.9360, and a rise through could take it to the next resistance level of 0.9393.

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

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