Swiss Franc Trading Marginally Lower In The Asian Session
GCI Financial | Apr 15, 2014 03:11AM ET
For the 24 hours to 23:00 GMT, the USD rose 0.39% against the CHF and closed at 0.8804.
In the Asian session, at GMT0300, the pair is trading at 0.8805, with the USD trading tad higher from yesterday’s close.
The pair is expected to find support at 0.8773, and a fall through could take it to the next support level of 0.8742. The pair is expected to find its first resistance at 0.8822, and a rise through could take it to the next resistance level of 0.8840.
Later today, the Federal Statistical Office is expected to publish a report on Swiss producer and import prices for March.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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