USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.68% against the CHF and closed at 0.9977.
Data showed that Switzerland KOF economic barometer dropped to a level of 93.2 in September, compared to a revised reading of 95.5 in the prior month.
In the Asian session, at GMT0300, the pair is trading at 0.9989, with the USD trading 0.12% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9935, and a fall through could take it to the next support level of 0.9882. The pair is expected to find its first resistance at 1.0016, and a rise through could take it to the next resistance level of 1.0044.
Trading trend in the Swiss Franc today, is expected to be determined by Switzerland’s real retail sales for August and the manufacturing PMI for September, set to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
