USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CHF and closed at 0.9882.
Data showed that Switzerland’s producer and import price index dropped more-than-expected by 2.4% on an annual basis in October, compared to a fall of 2.0% in the previous month. Market participants had anticipated the index to record a decline of 1.9%.
In the Asian session, at GMT0400, the pair is trading at 0.9891, with the USD trading 0.09% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9873, and a fall through could take it to the next support level of 0.9855. The pair is expected to find its first resistance at 0.9906, and a rise through could take it to the next resistance level of 0.9921.
The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
