USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.05% against the CHF and closed at 0.9958.
In economic news, Switzerland’s trade surplus expanded to a level of CHF 1.45 billion in September, following a surplus of CHF 1.41 billion in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9968, with the USD trading 0.10% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9934, and a fall through could take it to the next support level of 0.9899. The pair is expected to find its first resistance at 0.9989, and a rise through could take it to the next resistance level of 1.0009.
In absence of key economic releases in Switzerland today, investor sentiment would be determined by global macroeconomic events.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
