USDCHF Movement
On Friday, the USD declined 0.51% against the CHF and closed at 0.9057, amid US budget talks jitters.
The Swiss Franc also gained some support from an upbeat economic data, which showed that the KOF leading indicator in Switzerland advanced to a reading of 1.53 in September, surpassing analysts’ expectation for a rise to 1.47 and compared to previous month’s level of 1.37.
In the Asian session, at GMT0300, the pair is trading at 0.9049, with the USD trading 0.09% lower from Friday’s close.
The pair is expected to find support at 0.9012, and a fall through could take it to the next support level of 0.8976. The pair is expected to find its first resistance at 0.9094, and a rise through could take it to the next resistance level of 0.9140.
Amid lack of economic releases from Switzerland, investors are eyeing global economic news for further direction in the pair.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
