Swiss Franc Trading On A Weaker Footing This Morning
GCI Financial | Nov 19, 2014 02:09AM ET
For the 24 hours to 23:00 GMT, the USD declined 0.66% against the CHF and closed at 0.9585.
In the Asian session, at GMT0400, the pair is trading at 0.9598, with the USD trading 0.14% higher from yesterday’s close.
The pair is expected to find support at 0.9570, and a fall through could take it to the next support level of 0.9541. The pair is expected to find its first resistance at 0.9632, and a rise through could take it to the next resistance level of 0.9665.
Going forward, investors await Switzerland’s ZEW economic expectation index data, scheduled in a few hours.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
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