USD/CHF: Greenback Trading Higher Against The Swiss Franc In The Asian Session

USD/CHF: Greenback Trading Higher Against The Swiss Franc In The Asian Session

For the 24 hours to 23:00 GMT on Friday, the USD declined marginally against the CHF and closed at 0.9349.

The KOF Swiss Economic Institute reported that its economic barometer stood at a reading of 1.67 in October, slightly lower than September’s revised reading of 1.68. Market had expected a reading of 1.63 in October.

In the Asian session, at GMT0400, the pair is trading at 0.9353, with the USD trading marginally higher from Friday’s close.

The pair is expected to find support at 0.9329, and a fall through could take it to the next support level of 0.9305. The pair is expected to find its first resistance at 0.9382, and a rise through could take it to the next resistance level of 0.9410.