USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 0.9889.
In economic news, Switzerland’s total sight deposits remained unchanged at a level of CHF518.5 billion in the week ended 28 October.
In the Asian session, at GMT0400, the pair is trading at 0.9893, with the USD trading marginally higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9873, and a fall through could take it to the next support level of 0.9853. The pair is expected to find its first resistance at 0.991, and a rise through could take it to the next resistance level of 0.9927.
Investors would now concentrate on Switzerland’s real retail sales for September and SVME-purchasing managers’ index for October, both due to release in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
