Swiss Franc Reverses Its Losses In The Asian Session
GCI Financial | Sep 22, 2014 02:56AM ET
On Friday, the USD rose 0.65% against the CHF and closed at 0.9405.
In the Asian session, at GMT0300, the pair is trading at 0.9384, with the USD trading 0.22% lower from Friday’s close.
The pair is expected to find support at 0.9341, and a fall through could take it to the next support level of 0.9299. The pair is expected to find its first resistance at 0.9419, and a rise through could take it to the next resistance level of 0.9455.
Investors would wait for the Quarterly Bulletin for Q3, to be published by the Swiss National Bank on Wednesday.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
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