Swiss Franc Trading Higher Ahead Of CPI Data

Swiss Franc Trading Higher Ahead Of CPI Data

For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9434.

According to a survey by the State Secretariat for Economic Affairs (SECO), the consumer confidence index in Switzerland remained unchanged at -17 points in the three months ended October, against the market expectations for a reading of -21 points.

In the Asian session, at GMT0400, the pair is trading at 0.94, with the USD trading 0.36% lower from yesterday’s close.

The pair is expected to find support at 0.9374, and a fall through could take it to the next support level of 0.9349. The pair is expected to find its first resistance at 0.9441, and a rise through could take it to the next resistance level of 0.9482.