USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 1.0022.
In economic news, data showed that Switzerland’s ZEW economic expectations index strengthened to a five-month high level of 8.9 in November, rising for a third straight month, on expectations that the economic development will remain unchanged within the next six months. The index recorded a level of 5.2 in the prior month.
In the Asian session, at GMT0400, the pair is trading at 1.0020, with the USD trading marginally lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9981, and a fall through could take it to the next support level of 0.9942. The pair is expected to find its first resistance at 1.0058, and a rise through could take it to the next resistance level of 1.0096.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
