Swiss Franc Reverses Its Losses In The Asian Trading Hours
GCI Financial | Apr 22, 2014 03:16AM ET
For the 24 hours to 23:00 GMT, the USD gained 0.23% against the CHF and closed at 0.8853, in a holiday-thin trading session.
In the Asian session, at GMT0300, the pair is trading at 0.8848, with the USD trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 0.8826, and a fall through could take it to the next support level of 0.8805. The pair is expected to find its first resistance at 0.8862, and a rise through could take it to the next resistance level of 0.8877.
Market participants are expected to keep a tab on Switzerland’s M3 money supply data, slated for release later today.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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