USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.09% against the CHF and closed at 0.9739.
On the data front, Switzerland’s SECO consumer climate index improved to a level of -13.0 in 4Q 2016, at par with investor consensus, compared to a level of -15.0 in the previous quarter.
In the Asian session, at GMT0400, the pair is trading at 0.9749, with the USD trading 0.1% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9707, and a fall through could take it to the next support level of 0.9664. The pair is expected to find its first resistance at 0.9776, and a rise through could take it to the next resistance level of 0.9802.
Moving ahead, investors will closely monitor Switzerland’s consumer price inflation and unemployment rate data, both for October, scheduled to release next week.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
