Mon, Oct 03, 2022 @ 09:02 GMT
HomeContributorsFundamental AnalysisSwiss Franc Trading Flat In The Asian Session

Swiss Franc Trading Flat In The Asian Session

For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9569.

In the Asian session, at GMT0300, the pair is trading at 0.9569, with the USD trading flat against the CHF from yesterday’s close.

The pair is expected to find support at 0.9542, and a fall through could take it to the next support level of 0.9516. The pair is expected to find its first resistance at 0.9588, and a rise through could take it to the next resistance level of 0.9608.

Amid no macroeconomic releases in Switzerland today, traders would look forward to global macroeconomic events for further direction.

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

GCI Financial
GCI Financialhttp://www.gcitrading.com/
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.

Featured Analysis

Learn Forex Trading