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 0.09% against the CHF and closed at 0.9748.

In the Asian session, at GMT0300, the pair is trading at 0.9754, with the USD trading 0.06% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9698, and a fall through could take it to the next support level of 0.9643. The pair is expected to find its first resistance at 0.9803, and a rise through could take it to the next resistance level of 0.9853.

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

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