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.
