USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CHF and closed at 0.9956.
In economic news, Swiss KOF leading indicator rose to 109.1 in October, hitting its highest level since September 2010, from a revised level of 106.1 in the prior month. Market expectation was for the KOF leading economic barometer to climb to 106.5.
Meanwhile, data showed that Switzerland’s total sight deposits slipped to a level of CHF578.5 billion in the week ended 27 October, from a level of CHF578.6 billion reported in the prior week.
In the Asian session, at GMT0400, the pair is trading at 0.9959, with the USD trading a tad higher from yesterday’s close.
The pair is expected to find support at 0.9933, and a fall through could take it to the next support level of 0.9907. The pair is expected to find its first resistance at 0.9991, and a rise through could take it to the next resistance level of 1.0023.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
