Contributors Fundamental Analysis Swiss Franc Trading Lower This Morning

Swiss Franc Trading Lower This Morning

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For the 24 hours to 23:00 GMT, the USD declined 0.66% against the CHF and closed at 0.9452 on Friday.

In the Asian session, at GMT0300, the pair is trading at 0.9464, with the USD trading 0.13% higher against the CHF from Friday’s close.

The pair is expected to find support at 0.9429, and a fall through could take it to the next support level of 0.9394. The pair is expected to find its first resistance at 0.9509, and a rise through could take it to the next resistance level of 0.9554.

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

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