Swiss Franc Extends Its Losses In The Asian Session
GCI Financial | Apr 04, 2014 02:55AM ET
For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CHF and closed at 0.8908.
In the Asian session, at GMT0300, the pair is trading at 0.8923, with the USD trading 0.17% higher from yesterday’s close.
The pair is expected to find support at 0.8868, and a fall through could take it to the next support level of 0.8812. The pair is expected to find its first resistance at 0.8954, and a rise through could take it to the next resistance level of 0.8984.
With no major economic releases from Switzerland, during the later course of the day, traders eye global economic news, along with the release of the US jobs reports, for further cues in the pair.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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