Swiss Franc Trading On A Weaker Footing This Morning
GCI Financial | Sep 12, 2014 05:14AM ET
For the 24 hours to 23:00 GMT, the USD traded marginally lower against the CHF and closed at 0.9360.
In the Asian session, at GMT0300, the pair is trading at 0.9366, with the USD trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 0.9342, and a fall through could take it to the next support level of 0.9319. The pair is expected to find its first resistance at 0.9383, and a rise through could take it to the next resistance level of 0.9401.
Investors would keenly await SNB’s interest rate decision, which will be announced in the next week.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
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