Contributors Fundamental Analysis Swiss Franc Trading Lower In The Morning Session

Swiss Franc Trading Lower In The Morning Session

For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CHF and closed at 1.0022.

In the Asian session, at GMT0400, the pair is trading at 1.0027, with the USD trading 0.05% higher against the CHF from yesterday’s close.

The pair is expected to find support at 1.0003, and a fall through could take it to the next support level of 0.998. The pair is expected to find its first resistance at 1.0039, and a rise through could take it to the next resistance level of 1.0052.

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

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