Swiss Franc Trading On A Higher Footing This Morning
GCI Financial | Jul 10, 2014 05:06AM ET
For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CHF and closed at 0.8911.
In the Asian session, at GMT0300, the pair is trading at 0.8906, with the USD trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 0.8893, and a fall through could take it to the next support level of 0.8880. The pair is expected to find its first resistance at 0.8929, and a rise through could take it to the next resistance level of 0.8952.
With no economic releases from Switzerland scheduled today, trading trends for this pair would be determined by global factors.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
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