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USD/CHF: Swiss Franc Trading Marginally Firmer In The Morning Session Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Dec 12 16 06:44 GMT

USD/CHF: Swiss Franc Trading Marginally Firmer In The Morning Session

For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 1.0174 on Friday.

On the economic front, Switzerland’s seasonally adjusted unemployment rate remained unchanged at 3.3% in November, at par with market expectations.

In the Asian session, at GMT0400, the pair is trading at 1.0173, with the USD trading slightly lower against the CHF from Friday’s close.

The pair is expected to find support at 1.0144, and a fall through could take it to the next support level of 1.0114. The pair is expected to find its first resistance at 1.0208, and a rise through could take it to the next resistance level of 1.0242.

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

 

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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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