USD/CHF: Swiss ZEW economic expectations index climbed in November

USD/CHF: Swiss ZEW economic expectations index climbed in November


USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CHF and closed at 0.9844.

On the macro front, Switzerland’s ZEW economic expectations index advanced to a level of 40.7 in November, compared to a reading of 32.0 in the prior month. Further, the nation’s UBS consumption indicator advanced to a level of 1.54 in October, after recording a revised level of 1.51 in the previous month.

In the Asian session, at GMT0400, the pair is trading at 0.9841, with the USD trading a tad lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9818, and a fall through could take it to the next support level of 0.9795. The pair is expected to find its first resistance at 0.9867, and a rise through could take it to the next resistance level of 0.9893.

Ahead in the day, market participants would eye Switzerland’s real retail sales for October and the KOF leading indicator for November.

The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.

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