USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose slightly against the CHF and closed at 0.9935.
On the economic front, Switzerland’s UBS consumption indicator climbed to a level of 1.59 in September, following a level of 1.53 in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9934, with the USD trading a tad lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9910, and a fall through could take it to the next support level of 0.9887. The pair is expected to find its first resistance at 0.9954, and a rise through could take it to the next resistance level of 0.9975.
Moving ahead, market participants would keep a close watch on Switzerland’s KOF leading indicator index for October, due to release in a while.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
