USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.43% against the CHF and closed at 0.9138. The Swiss Franc gave up ground against its US counterpart after an official report revealed that Switzerland’s consumer price index declined 0.3% (YoY) in October, more than analysts’ expectations for a 0.2% drop and compared to a decline of 0.1% registered in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9117, with the USD trading 0.23% lower from yesterday’s close.
The pair is expected to find support at 0.9094, and a fall through could take it to the next support level of 0.9071. The pair is expected to find its first resistance at 0.9144, and a rise through could take it to the next resistance level of 0.9171.
The currency pair is trading just below its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
