Swiss Franc Trading Lower In The Asian Session
GCI Financial | Mar 11, 2015 03:54AM ET
For the 24 hours to 23:00 GMT, the USD rose 1.24% against the CHF and closed at 0.9986. The Swiss Franc lost ground, after the seasonally adjusted unemployment rate in Switzerland edged up to 3.2% in February, from previous month’s level of 3.1%.
In the Asian session, at GMT0400, the pair is trading at 0.9986, with the USD trading a tad higher from yesterday’s close.
The pair is expected to find support at 0.9905, and a fall through could take it to the next support level of 0.9823. The pair is expected to find its first resistance at 1.0035, and a rise through could take it to the next resistance level of 1.0084.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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