USDCHF Movement
For the 24 hours to 23:00 GMT, the USD remained flat against the CHF and closed at 0.9561.
In economic news, Switzerland’s trade surplus expanded to CHF3.1 billion in September, compared to market expectations of an increase to CHF3.3 billion, after reporting an upwardly revised trade surplus of CHF2.9 billion in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9553, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9507, and a fall through could take it to the next support level of 0.946. The pair is expected to find its first resistance at 0.9587, and a rise through could take it to the next resistance level of 0.9620.
Amid no economic releases in Switzerland today, investor sentiment would be governed by global macroeconomic news.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
