USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.51% against the CHF and closed at 0.9577.
In economic news, Switzerland’s producer and import prices fell 6.8% YoY in September, recording its biggest fall in more than six decades. It had declined by the same rate in August. On a monthly basis, producer and import prices fell 0.1%, in line with expectations, from a 0.7% decline in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.958, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9541, and a fall through could take it to the next support level of 0.9502. The pair is expected to find its first resistance at 0.9632, and a rise through could take it to the next resistance level of 0.9684.
Moving ahead, market participants will closely watch Switzerland’s ZEW expectations survey data for October, scheduled to be released in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
