USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CHF and closed at 0.9951.
On the macro front, Switzerland’s trade surplus widened to CHF3.75 billion, compared to a revised surplus of CHF2.23 billion in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9945, with the USD trading 0.06% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9917, and a fall through could take it to the next support level of 0.9888. The pair is expected to find its first resistance at 0.9966, and a rise through could take it to the next resistance level of 0.9986.
Going ahead, investors would await Switzerland’s M3 money supply for October, slated to release in a while.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
