Switzerland’s Industrial Production Declined On An Annual Basis In 3Q 20
GCI Financial | Nov 27, 2015 01:23AM ET
For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 1.0237.
In economic news, Switzerland’s industrial production fell 5.1% YoY in 3Q 2015, after dropping by a revised 2.1% in the previous quarter.
In the Asian session, at GMT0400, the pair is trading at 1.0237, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 1.0217, and a fall through could take it to the next support level of 1.0197. The pair is expected to find its first resistance at 1.0256, and a rise through could take it to the next resistance level of 1.0275.
Going ahead, investors will keep a close watch on Switzerland’s Q3 GDP and consumer price inflation data for November, scheduled to be released next week.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
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