HomeContributorsFundamental AnalysisSwiss Franc Extends Its Gains In The Asian Session

Swiss Franc Extends Its Gains In The Asian Session

For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.9921.

In the Asian session, at GMT0300, the pair is trading at 0.9908, with the USD trading 0.13% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9891, and a fall through could take it to the next support level of 0.9875. The pair is expected to find its first resistance at 0.9940, and a rise through could take it to the next resistance level of 0.9973.

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

GCI Financial
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