USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.12% against the CHF and closed at 0.9886.
On the data front, Swiss total sight deposits stood at CHF518.2 billion in the week ended 14 October, up from CHF517.6 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9873, with the USD trading 0.13% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9855, and a fall through could take it to the next support level of 0.9838. The pair is expected to find its first resistance at 0.9898, and a rise through could take it to the next resistance level of 0.9924.
Amid a lack of economic releases in Switzerland today, market participants would closely monitor Switzerland’s trade balance figures for September, the sole important release later this week.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
