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

Swiss Franc Extends Its Gains In The Morning Session

For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CHF and closed at 1.0010 on Friday.

In the Asian session, at GMT0300, the pair is trading at 0.9991, with the USD trading 0.19% lower against the CHF from Friday’s close.

The pair is expected to find support at 0.9965, and a fall through could take it to the next support level of 0.9940. The pair is expected to find its first resistance at 1.0028, and a rise through could take it to the next resistance level of 1.0066.

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

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