Swiss Franc Trading Lower This Morning
GCI Financial | Oct 20, 2014 02:10AM ET
On Friday, the USD rose 0.40% against the CHF and closed at 0.9462.
In the Asian session, at GMT0300, the pair is trading at 0.9469, with the USD trading 0.07% higher from Friday’s close.
The pair is expected to find support at 0.9423, and a fall through could take it to the next support level of 0.9377. The pair is expected to find its first resistance at 0.9498, and a rise through could take it to the next resistance level of 0.9527.
Amid no economic releases from Switzerland today, investors look ahead to Swiss trade balance, scheduled tomorrow.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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