Swiss Franc Extends Its Losses In The Asian Session
GCI Financial | Jul 20, 2015 04:01AM ET
On Friday, the USD rose 0.39% against the CHF and closed at 0.39%.
In the Asian session, at GMT0300, the pair is trading at 0.9630, with the USD trading 0.19% higher from Friday’s close.
The pair is expected to find support at 0.9580, and a fall through could take it to the next support level of 0.9530. The pair is expected to find its first resistance at 0.9656, and a rise through could take it to the next resistance level of 0.9682.
Amid no economic data in Switzerland today, investors would monitor the nation’s trade balance data, scheduled tomorrow, to get better insights in the Swiss economy.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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