Swiss Franc Extends Its Gains Ahead Of The Swiss ZEW Survey
GCI Financial | Jan 21, 2015 01:44AM ET
For the 24 hours to 23:00 GMT, the USD declined 0.73% against the CHF and closed at 0.8734.
In the Asian session, at GMT0400, the pair is trading at 0.8728, with the USD trading 0.07% lower from yesterday’s close.
The pair is expected to find support at 0.8662, and a fall through could take it to the next support level of 0.8596. The pair is expected to find its first resistance at 0.8817, and a rise through could take it to the next resistance level of 0.8906.
Meanwhile, investors look forward to the Swiss ZEW economic expectation survey data, scheduled in few hours.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
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