USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.45% against the CHF and closed at 0.9932.
In economic news, Switzerland’s SVME manufacturing PMI declined to a level of 44.6 in September, more than market expectations for a fall to a level of 46.5. In the prior month, the PMI had recorded a level of 47.2. Moreover, real retail sales fell 1.4% on an annual basis in August, compared to a revised rise of 1.5% in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9931, with the USD trading slightly lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9896, and a fall through could take it to the next support level of 0.9860. The pair is expected to find its first resistance at 0.9992, and a rise through could take it to the next resistance level of 1.0052.
Trading trend in the Swiss Franc today, is expected to be determined by Switzerland’s consumer price index for September, set to release in a while,
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
