USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CHF and closed at 0.9934.
In economic news, Switzerland’s UBS real estate bubble index marginally rose to a level of 1.38 points in 3Q 2015, compared to a reading of 1.37 points in the previous quarter.
In the Asian session, at GMT0400, the pair is trading at 0.9931, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9893, and a fall through could take it to the next support level of 0.9855. The pair is expected to find its first resistance at 0.9961, and a rise through could take it to the next resistance level of 0.9991.
Moving ahead, market participants will concentrate on Switzerland’s consumer price inflation and SECO’s consumer confidence data, both for the month of October, scheduled to be released in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
