Swiss Franc Trading Higher Ahead Of The SNB’s Interest Rate Decision
GCI Financial | Dec 11, 2014 01:42AM ET
For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CHF and closed at 0.9668.
In the Asian session, at GMT0400, the pair is trading at 0.9662, with the USD trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 0.9618, and a fall through could take it to the next support level of 0.9574. The pair is expected to find its first resistance at 0.9715, and a rise through could take it to the next resistance level of 0.9768.
Going forward, the SNB’s interest rate decision would grab a lot of market attention, scheduled in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
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