Swiss Franc Trading On A Stronger Footing This Morning
GCI Financial | Apr 07, 2015 03:45AM ET
For the 24 hours to 23:00 GMT, the USD rose 0.80% against the CHF and closed at 0.9586.
In the Asian session, at GMT0300, the pair is trading at 0.9562, with the USD trading 0.25% lower from yesterday’s close.
The pair is expected to find support at 0.9505, and a fall through could take it to the next support level of 0.9448. The pair is expected to find its first resistance at 0.9613, and a rise through could take it to the next resistance level of 0.9665.
Amid a light economic calendar in Switzerland today, investors await the release of the nation’s CPI data, scheduled tomorrow.
The currency pair is trading above with its 20 Hr and 50 Hr moving averages.
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