Fri, Jul 30, 2021 @ 00:21 GMT
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Swiss Franc Extends Its Gains In The Morning Session

For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CHF and closed at 0.9092.

On the data front, Switzerland’s KOF leading indicator climbed to 85.7 in July, surpassing market forecast for a rise to a level of 75.0 and compared to a revised reading of 60.6 in the previous month.

In the Asian session, at GMT0300, the pair is trading at 0.9071, with the USD trading 0.23% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9038, and a fall through could take it to the next support level of 0.9004. The pair is expected to find its first resistance at 0.9128, and a rise through could take it to the next resistance level of 0.9184.

Moving ahead, traders would keep an eye on Switzerland’s real retail sales for June, slated to release in a few hours.

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

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DISCLAIMER : GCI's Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

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