Swiss Franc Trading Lower Ahead Of The UBS Consumption And KOF Leading
GCI Financial | Oct 30, 2014 01:51AM ET
For the 24 hours to 23:00 GMT, the USD rose 0.80% against the CHF and closed at 0.9545.
In the Asian session, at GMT0400, the pair is trading at 0.9559, with the USD trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 0.9480, and a fall through could take it to the next support level of 0.9402. The pair is expected to find its first resistance at 0.9599, and a rise through could take it to the next resistance level of 0.9640.
Trading trends in the Swiss Franc today are expected to be determined by Switzerland’s UBS consumption and KOF leading indicator data, scheduled in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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