USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.70% against the CHF and closed at 0.9875.
In economic news, Switzerland’s seasonally adjusted trade surplus widened to CHF2.8 billion in September, more than market expectations of a surplus of CHF2.5 billion. The nation had posted a surplus of CHF1.5 billion in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9877, with the USD trading marginally higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9849, and a fall through could take it to the next support level of 0.9820. The pair is expected to find its first resistance at 0.9924, and a rise through could take it to the next resistance level of 0.9970.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
