Swiss Franc Extends Its Losses In The Asian Session, Ahead Of Swiss Trad
GCI Financial | Aug 21, 2014 01:42AM ET
For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CHF and closed at 0.9135.
In the Asian session, at GMT0300, the pair is trading at 0.9143, with the USD trading 0.09% higher from yesterday’s close.
The pair is expected to find support at 0.9108, and a fall through could take it to the next support level of 0.9073. The pair is expected to find its first resistance at 0.9162, and a rise through could take it to the next resistance level of 0.9181.
Going forward, market participants would focus on Swiss trade balance, scheduled in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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