USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CHF and closed at 0.9731.
On the economic front, Switzerland’s real retail sales eased by 3.0% on an annual basis, in August, compared to a revised fall of 2.7% in the previous month whereas markets anticipated it to fall by 1.7%. On the contrary, the nation’s SVME-purchasing managers index rose to a level of 53.2 in September, surpassing market expectations of a rise to a level of 51.8 and following a reading of 51.0 in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9743, with the USD trading 0.12% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9712, and a fall through could take it to the next support level of 0.9682. The pair is expected to find its first resistance at 0.9760, and a rise through could take it to the next resistance level of 0.9778.
Amid no economic releases in Switzerland today, trading trend in the CHF are expected to be determined by global macroeconomic factors.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
