USD/CHF: US Dollar trading higher against the ... - GCI Forex News

GCI Forex News - USD/CHF: US Dollar trading higher against the Swiss Franc in the Asian session

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.28% against the CHF and closed at 0.9248. The Swiss Franc advanced following a rise in Swiss PMI and retail sales.

On the Swiss economic front, the SVME-PMI rose to a seasonally adjusted 48.5 in November, from a reading of 46.1 in October. Meanwhile, real retail sales edged up 2.7% (YoY) in October, against the expectations for a 3.8% growth.

In the Asian session, at GMT0400, the pair is trading at 0.9260, with the USD trading 0.13% higher from yesterday?s close.

The pair is expected to find support at 0.9244, and a fall through could take it to the next support level of 0.9228. The pair is expected to find its first resistance at 0.9274, and a rise through could take it to the next resistance level of 0.9287.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

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Source: http://forexnews.gcitrading.com/currencies/usdchf/usdchf-us-dollar-trading-higher-against-the-swiss-franc-in-the-asian-session.htm

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