USDCHF Movement
For the 24 hours to 23:00 GMT, the USD slightly declined against the CHF and closed at 0.9987.
In economic news, Switzerland’s seasonally adjusted gross domestic product (GDP) advanced 0.4% on a quarterly basis in 3Q 2019, following a rise of 0.3% in the previous quarter.
In the Asian session, at GMT0400, the pair is trading at 0.9983, with the USD trading a tad lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9977, and a fall through could take it to the next support level of 0.9972. The pair is expected to find its first resistance at 0.9992, and a rise through could take it to the next resistance level of 1.0002.
Looking forward, investors would keep an eye on Switzerland’s KOF leading indicator for November, scheduled to release a while.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
