Contributors Fundamental Analysis Swiss Franc Reverses Its Losses In The Morning Session

Swiss Franc Reverses Its Losses In The Morning Session

For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.9649.

In the Asian session, at GMT0300, the pair is trading at 0.9631, with the USD trading 0.19% lower from yesterday’s close.

The pair is expected to find support at 0.9619, and a fall through could take it to the next support level of 0.9606. The pair is expected to find its first resistance at 0.9654, and a rise through could take it to the next resistance level of 0.9676.

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

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