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

Swiss Franc Reverses Its Gains In The Morning Session

For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CHF and closed at 0.9896.

In the Asian session, at GMT0300, the pair is trading at 0.9899, with the USD trading a tad higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9883, and a fall through could take it to the next support level of 0.9866. The pair is expected to find its first resistance at 0.9918, and a rise through could take it to the next resistance level of 0.9936.

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

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