Mon, Nov 30, 2020 @ 17:39 GMT
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Switzerland’s Producer And Import Prices Rose In July

For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.9093 on Friday.

On the data front, Switzerland’s producer and import prices rose 0.1% on a monthly basis in July, compared to a rise of 0.5% in the previous month.

In the Asian session, at GMT0300, the pair is trading at 0.9092, with the USD trading slightly lower against the CHF from Friday’s close.

The pair is expected to find support at 0.9078, and a fall through could take it to the next support level of 0.9065. The pair is expected to find its first resistance at 0.9114, and a rise through could take it to the next resistance level of 0.9137.

Amid no macroeconomic releases in Switzerland today, investor sentiment would be governed by global macroeconomic factors.

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

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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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