Swiss Franc Trading On A Weaker Footing Ahead Of Switzerland’s CPI Data
GCI Financial | Jul 06, 2015 02:28AM ET
On Friday, the USD declined 0.26% against the CHF and closed at 0.9406.
In the Asian session, at GMT0300, the pair is trading at 0.9439, with the USD trading 0.35% higher from Friday’s close.
The pair is expected to find support at 0.9407, and a fall through could take it to the next support level of 0.9376. The pair is expected to find its first resistance at 0.9462, and a rise through could take it to the next resistance level of 0.9485.
Meanwhile, Switzerland’s crucial consumer prices data, scheduled in a few hours would keep investors on their toes.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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