USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.84% against the CHF and closed at 0.8951, following the release of a weak US employment data.
Separately, the Swiss Franc received support from an official data that showed that Switzerland’s trade surplus surged to a reading of CHF2.494 billion in September, more than market expectation for a rise to CHF2.104 billion from a surplus of CHF1.853 billion recorded in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.8946, with the USD trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 0.8910, and a fall through could take it to the next support level of 0.8874. The pair is expected to find its first resistance at 0.9011, and a rise through could take it to the next resistance level of 0.9076.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
