USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CHF and closed at 0.9870.
On the macro front, Switzerland’s producer and import price index advanced 2.6% on an annual basis in September, undershooting market expectations for an advance of 3.1%. In the previous month, the index had registered a rise of 3.4%.
Meanwhile, the nation’s total sight deposits rose to a level of CHF577.6 billion in the week ended 12 October, from CHF577.5 billion in the previous week
In the Asian session, at GMT0300, the pair is trading at 0.9883, with the USD trading 0.13% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9851, and a fall through could take it to the next support level of 0.9818. The pair is expected to find its first resistance at 0.9913, and a rise through could take it to the next resistance level of 0.9942.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
