USD/CHF: Trading flat in Asian session

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, USD declined 0.29% against the CHF and closed at 0.9240.

In the Asian session, at 4:00GMT, the pair is trading at 0.9238, 0.02% lower from the New York session close.

The pair has its first short term resistance at 0.9297, followed by the next resistance at 0.9356. The first area of support is at 0.9203 levels, with the subsequent support at 0.9168.

With no major release from Switzerland, the pair is expected to trade on trends in the greenback.

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

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

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>