USD/CHF: Greenback Erases Gains This Morning

USD/CHF: Greenback Erases Gains This Morning

For the 24 hours to 23:00 GMT, the USD rose 0.72% against the CHF and closed at 0.9330.

In the US, the Federal Reserve Bank of Richmond reported that its manufacturing index retreated to a reading of -7 in October, compared to a reading of 4 in the previous month.

In the Asian session, at GMT0300, the pair is trading at 0.9320, with the USD trading 0.11% lower from yesterday’s close.

The pair is expected to find support at 0.9280, and a fall through could take it to the next support level of 0.9241. The pair is expected to find its first resistance at 0.9351, and a rise through could take it to the next resistance level of 0.9382.