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

Swiss Franc Trading On A Weaker Footing This Morning

For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 1.0015.

In the Asian session, at GMT0300, the pair is trading at 1.0023, with the USD trading 0.08% higher against the CHF from yesterday’s close.

The pair is expected to find support at 1.0009, and a fall through could take it to the next support level of 0.9995. The pair is expected to find its first resistance at 1.0037, and a rise through could take it to the next resistance level of 1.0051.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

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