USD/CHF: Switzerland’s industrial production rose less-than-anticipated in 3Q 2018

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD slightly rose against the CHF and closed at 0.9947.

On the data front, Switzerland’s industrial production climbed 1.4% in on an annual basis in 3Q 2018. In the prior month, industrial production had registered a gain of 8.3%.

In the Asian session, at GMT0400, the pair is trading at 0.9937, with the USD trading 0.10% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9921, and a fall through could take it to the next support level of 0.9904. The pair is expected to find its first resistance at 0.9955, and a rise through could take it to the next resistance level of 0.9972.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

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