Swiss Franc Trading Lower In The Asian Session
GCI Financial | Jul 24, 2015 03:18AM ET
For the 24 hours to 23:00 GMT, the USD traded marginally higher against the CHF and closed at 0.9600.
In the Asian session, at GMT0300, the pair is trading at 0.9604, with the USD trading higher from yesterday’s close.
The pair is expected to find support at 0.9549, and a fall through could take it to the next support level of 0.9495. The pair is expected to find its first resistance at 0.9634, and a rise through could take it to the next resistance level of 0.9665.
Going ahead, investors will keenly wait for the release of UBS consumption indicator for June, scheduled to be released in the next week.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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