Swiss Franc Trading On A Weaker Footing This Morning
GCI Financial | Jun 29, 2015 03:03AM ET
On Friday, the USD declined 0.29% against the CHF and closed at 0.9340.
In the Asian session, at GMT0300, the pair is trading at 0.9383, with the USD trading 0.46% higher from Friday’s close.
The pair is expected to find support at 0.9315, and a fall through could take it to the next support level of 0.9248. The pair is expected to find its first resistance at 0.9435, and a rise through could take it to the next resistance level of 0.9488.
With no economic releases in Switzerland today, investors would wait for the release of the nation’s KOF leading indicator data, scheduled tomorrow.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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