USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CHF and closed at 0.9893.
Macroeconomic data indicated that, Switzerland’s ZEW survey of economic expectations index advanced to a level of 5.2 in October, improved for a second straight month. In the previous month, the economic expectations index had registered a reading of 2.7.
In the Asian session, at GMT0300, the pair is trading at 0.9881, with the USD trading 0.12% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9866, and a fall through could take it to the next support level of 0.9851. The pair is expected to find its first resistance at 0.9903, and a rise through could take it to the next resistance level of 0.9925.
Amid a lack of economic releases in Switzerland today, trading trend in the CHF is expected to be determined by global macroeconomic news.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
