Swiss Franc Trading Higher This Morning
GCI Financial | Mar 26, 2015 04:55AM ET
For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9601.
In economic news, Switzerland’s UBS consumption indicator climbed to a level of 1.19 in February, up from previous month’s revised reading of 1.11.
In the Asian session, at GMT0400, the pair is trading at 0.9597, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9561, and a fall through could take it to the next support level of 0.9524. The pair is expected to find its first resistance at 0.9628, and a rise through could take it to the next resistance level of 0.9658.
Looking ahead, Switzerland’s KOF institute spring economic forecast data, set for release in a few hours would be closely monitored by investors.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
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