Swiss Franc Trading Higher, Ahead Of Swiss Trade Balance Data
GCI Financial | Oct 21, 2014 01:41AM ET
For the 24 hours to 23:00 GMT, the USD declined 0.46% against the CHF and closed at 0.9433.
In the Asian session, at GMT0300, the pair is trading at 0.9425, with the USD trading 0.08% lower from yesterday’s close.
The pair is expected to find support at 0.9399, and a fall through could take it to the next support level of 0.9372. The pair is expected to find its first resistance at 0.9467, and a rise through could take it to the next resistance level of 0.9508.
Meanwhile, market participants look forward to Switzerland’s trade balance data, set for release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
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