USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 1.0034 on Friday.
On the macro front, Switzerland’s real retail sales slid 2.7% on a yearly basis in September, declining at its strongest pace since December 2016 and more than market consensus for a fall of 0.1%. In the previous month, real retail sales had registered a revised rise of 0.5%.
In the Asian session, at GMT0400, the pair is trading at 1.0045, with the USD trading 0.11% higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9992, and a fall through could take it to the next support level of 0.9940. The pair is expected to find its first resistance at 1.0073, and a rise through could take it to the next resistance level of 1.0102.
Trading trend in the Swiss Franc today is expected to be determined by Switzerland’s total sight deposits, due to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
