Swiss Franc Trading Lower In The Asian Session
GCI Financial | Jun 04, 2015 01:58AM ET
For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9339.
In the Asian session, at GMT0300, the pair is trading at 0.9345, with the USD trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 0.929, and a fall through could take it to the next support level of 0.9235. The pair is expected to find its first resistance at 0.9412, and a rise through could take it to the next resistance level of 0.9479.
With no major economic releases in Switzerland today, investor sentiment would be governed by global macroeconomic news.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
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