USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.2% against the CHF and closed at 0.9914.
In economic news, Switzerland’s trade surplus narrowed to CHF2.33 billion in October, after recording a surplus of CHF2.92 billion in the prior month.
In the Asian session, at GMT0400, the pair is trading at 0.9908, with the USD trading 0.06% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9889, and a fall through could take it to the next support level of 0.9870. The pair is expected to find its first resistance at 0.9937, and a rise through could take it to the next resistance level of 0.9966.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
