Swiss Franc Trading Tad Higher, Ahead Of Switzerland’s UBS Consumption
GCI Financial | Nov 25, 2015 01:33AM ET
For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CHF and closed at 1.0169.
In the Asian session, at GMT0400, the pair is trading at 1.016, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 1.0137, and a fall through could take it to the next support level of 1.0113. The pair is expected to find its first resistance at 1.0190, and a rise through could take it to the next resistance level of 1.0220.
Going ahead, investors will look forward to Switzerland’s UBS consumption indicator data for October, scheduled to be released in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
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