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USD/CHF: Swiss Franc Extended Its Gains In The Morning Session Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Jan 12 17 08:34 GMT

USD/CHF: Swiss Franc Extended Its Gains In The Morning Session

For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CHF and closed at 1.0138.

In the Asian session, at GMT0400, the pair is trading at 1.0115, with the USD trading 0.23% lower against the CHF from yesterday’s close.

The pair is expected to find support at 1.0059, and a fall through could take it to the next support level of 1.0002. The pair is expected to find its first resistance at 1.0210, and a rise through could take it to the next resistance level of 1.0304.

With no economic releases in Switzerland today, trading trend in the Swiss Franc is expected to be determined by global macroeconomic events.

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

 

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DISCLAIMER : GCI's Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

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