USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CHF and closed at 1.0143, after consumer prices in the US swung back to positive territory on a monthly basis in October.
In the Asian session, at GMT0400, the pair is trading at 1.0168, with the USD trading 0.25% higher from yesterday’s close.
The pair is expected to find support at 1.0123, and a fall through could take it to the next support level of 1.0078. The pair is expected to find its first resistance at 1.0194, and a rise through could take it to the next resistance level of 1.0219.
Moving ahead, investors will concentrate on Switzerland’s ZEW economic expectation survey data for November, scheduled to be released in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
