Contributors Fundamental Analysis Swiss Franc Trading On A Stronger Footing This Morning

Swiss Franc Trading On A Stronger Footing This Morning

For the 24 hours to 23:00 GMT, the USD traded flat against the CHF and closed at 0.9918.

In the Asian session, at GMT0400, the pair is trading at 0.9902, with the USD trading 0.16% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9883, and a fall through could take it to the next support level of 0.9863. The pair is expected to find its first resistance at 0.9929, and a rise through could take it to the next resistance level of 0.9955.

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

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