Swiss Franc Trading A Tad Lower Amid A Lack Of Swiss Economic Releases
GCI Financial | Jul 03, 2014 02:13AM ET
For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 0.8890.
In the Asian session, at GMT0300, the pair is trading at 0.8894, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.8876, and a fall through could take it to the next support level of 0.8858. The pair is expected to find its first resistance at 0.8906, and a rise through could take it to the next resistance level of 0.8918.
Amid a lack of major economic releases from the Swiss economy, traders are expected to keep a tab on global economic news for further cues in the currency pair.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
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