USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.86% against the CHF and closed at 1.0094.
In economic news, Switzerland’s producer and import prices rose 0.2% MoM in October, against market expectations for a fall of 0.2%. It had declined by 0.1% in the previous month.
In the Asian session, at GMT0400, the pair is trading at 1.0074, with the USD trading 0.2% lower from Friday’s close.
The pair is expected to find support at 1.0016, and a fall through could take it to the next support level of 0.9959. The pair is expected to find its first resistance at 1.0114, and a rise through could take it to the next resistance level of 1.0154.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
