USDCHF Movement
For the 24 hours to 23:00 GMT, the USD slightly rose against the CHF and closed at 0.9850.
On the macro front, Switzerland’s total sight deposits inched up to a level of CHF578.6 billion in the week ended 20 October, from a level of CHF578.5 billion reported in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9845, with the USD trading a tad lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9824, and a fall through could take it to the next support level of 0.9802. The pair is expected to find its first resistance at 0.9874, and a rise through could take it to the next resistance level of 0.9902.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
