Swiss Franc Trading Lower Ahead Of Switzerland’s UBS Consumption Indicat
GCI Financial | Nov 26, 2014 12:59AM ET
For the 24 hours to 23:00 GMT, the USD declined 0.28% against the CHF and closed at 0.9642, following downbeat consumer confidence data in the US.
In the Asian session, at GMT0400, the pair is trading at 0.9643, with the USD trading a tad higher from yesterday’s close.
The pair is expected to find support at 0.9616, and a fall through could take it to the next support level of 0.9588. The pair is expected to find its first resistance at 0.9685, and a rise through could take it to the next resistance level of 0.9727.
Looking ahead, market participants look forward to Swiss UBS consumption indicator data, scheduled in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
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