USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CHF and closed at 0.9798.
In economic news, Switzerland’s industrial production advanced 8.6% YoY in the third quarter of 2017, compared to a revised gain of 3.2% in the prior quarter.
In the Asian session, at GMT0400, the pair is trading at 0.9807, with the USD trading 0.09% higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9786, and a fall through could take it to the next support level of 0.9766. The pair is expected to find its first resistance at 0.9827, and a rise through could take it to the next resistance level of 0.9848.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
