Contributors Fundamental Analysis Swiss Franc Extends Its Gains In The Asian Session

Swiss Franc Extends Its Gains In The Asian Session

For the 24 hours to 23:00 GMT, the USD declined 0.17% against the CHF and closed at 0.9928 on Friday.

In the Asian session, at GMT0400, the pair is trading at 0.9920, with the USD trading 0.08% lower against the CHF from Friday’s close.

The pair is expected to find support at 0.9898, and a fall through could take it to the next support level of 0.9876. The pair is expected to find its first resistance at 0.9960, and a rise through could take it to the next resistance level of 1.0000.

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

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version