Daily Forex Fundamentals |
Written by GCI Financial |
Nov 21 16 07:47 GMT
USD/CHF: Swiss Franc Trading A Tad Lower This Morning
For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CHF and closed at 1.0093 on Friday.
In the Asian session, at GMT0400, the pair is trading at 1.0097, with the USD trading slightly higher from Friday’s close.
The pair is expected to find support at 1.0060, and a fall through could take it to the next support level of 1.0023. The pair is expected to find its first resistance at 1.0129, and a rise through could take it to the next resistance level of 1.0161.
With no economic releases in Switzerland today, trading trend in the Swiss Franc is expected to be determined by global events.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.