Swiss Franc Reverses Its Gains In The Asian Session
GCI Financial | Apr 15, 2015 02:02AM ET
For the 24 hours to 23:00 GMT, the USD declined 0.49% against the CHF and closed at 0.9727.
In the Asian session, at GMT0300, the pair is trading at 0.974, with the USD trading 0.13% higher from yesterday’s close.
The pair is expected to find support at 0.9676, and a fall through could take it to the next support level of 0.9613. The pair is expected to find its first resistance at 0.9800, and a rise through could take it to the next resistance level of 0.9860.
Amid no economic releases in Switzerland today, investors look forward to the release of Swiss real retail sales, scheduled later in the week.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
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