USD/CHF: Swiss Franc trading above its MA’s

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.23% against the CHF and closed at 0.9349.

In the Asian session, at GMT0300, the pair is trading at 0.9364, with the USD trading 0.16% higher from yesterday’s close.

The pair is expected to find support at 0.9331, and a fall through could take it to the next support level of 0.9298. The pair is expected to find its first resistance at 0.9382, and a rise through could take it to the next resistance level of 0.9400.

Amid lack of economic news from Switzerland, investors are expected to keep a close watch on global economic news for further guidance.

The currency pair is trading just above its 20 Hr and 50 Hr moving averages.

This entry was posted in USD/CHF. Bookmark the permalink.

Comments are closed.