Swiss Franc Trading On A Stronger Footing This Morning
GCI Financial | May 22, 2015 01:42AM ET
For the 24 hours to 23:00 GMT, the USD traded flat against the CHF and closed at 0.9370.
In the Asian session, at GMT0300, the pair is trading at 0.9361, with the USD trading 0.09% lower from yesterday’s close.
The pair is expected to find support at 0.9316, and a fall through could take it to the next support level of 0.9271. The pair is expected to find its first resistance at 0.9395, and a rise through could take it to the next resistance level of 0.9429.
Amid no economic releases in Switzerland today, investors would monitor a string of economic releases in nation including Q1 employment level, UBS consumption indicator and trade balance data, scheduled next week.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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