Swiss Franc Trading Higher Ahead Of Switzerland’s SVME PMI Data
GCI Financial | Aug 03, 2015 04:05AM ET
USDCHF Movement
On Friday, the USD declined 0.29% against the CHF and closed at 0.9663.
In the Asian session, at GMT0300, the pair is trading at 0.9658, with the USD trading 0.06% lower from Friday’s close.
The pair is expected to find support at 0.9575, and a fall through could take it to the next support level of 0.9493. The pair is expected to find its first resistance at 0.9712, and a rise through could take it to the next resistance level of 0.9767.
Looking ahead, market participants would keep a close eye on Switzerland’s SVME PMI data, set for release in a few hours for further cues.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
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