Fundamental Analysis

Switzerland's Producer And Import Prices Advanced In October

Typography

For the 24 hours to 23:00 GMT, the USD declined 0.69% against the CHF and closed at 0.9896.

On the data front, Switzerland's producer and import price index climbed 0.5% on a monthly basis in October, following a similar rise in the prior month.

In the Asian session, at GMT0300, the pair is trading at 0.9887, with the USD trading 0.09% lower against the CHF from yesterday's close.

The pair is expected to find support at 0.9856, and a fall through could take it to the next support level of 0.9824. The pair is expected to find its first resistance at 0.9945, and a rise through could take it to the next resistance level of 1.0002.

With no macroeconomic releases in Switzerland today, investor sentiment would be governed by global macroeconomic factors.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

Author: GCI FinancialWebsite: http://www.gcitrading.com/
GCI Financial
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