Contributors Fundamental Analysis Swiss Franc Trading On A Weaker Footing In The Asian Session

Swiss Franc Trading On A Weaker Footing In The Asian Session

For the 24 hours to 23:00 GMT, the USD declined 0.07% against the CHF and closed at 0.9998.

In the Asian session, at GMT0400, the pair is trading at 1.0005, with the USD trading 0.07% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9989, and a fall through could take it to the next support level of 0.9972. The pair is expected to find its first resistance at 1.0021, and a rise through could take it to the next resistance level of 1.0036.

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

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