Swiss Franc Trading Lower, Ahead Of Swiss CPI Data
GCI Financial | Oct 07, 2014 03:06AM ET
For the 24 hours to 23:00 GMT, the USD declined 0.97% against the CHF and closed at 0.9586.
In the Asian session, at GMT0300, the pair is trading at 0.9615, with the USD trading 0.3% higher from yesterday’s close.
The pair is expected to find support at 0.9562, and a fall through could take it to the next support level of 0.9509. The pair is expected to find its first resistance at 0.9673, and a rise through could take it to the next resistance level of 0.9731.
Meanwhile, investors would keep a close eye on Swiss consumer prices data, scheduled in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
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