USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CHF and closed at 0.9885.
In economic news, Switzerland’s KOF leading indicator fell more-than-expected to a level of 99.8 in October, from a reading of 100.3 in the previous month. Investors had expected it to decline to a level of 100.0.
In the Asian session, at GMT0400, the pair is trading at 0.9872, with the USD trading 0.13% lower from Friday’s close.
The pair is expected to find support at 0.9842, and a fall through could take it to the next support level of 0.9811. The pair is expected to find its first resistance at 0.9907, and a rise through could take it to the next resistance level of 0.9942.
Going ahead, investors will concentrate on Switzerland’s real retail sales data for September and the SVME purchasing manager’s index data for October, scheduled to be released in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
