HomeContributorsFundamental AnalysisSwiss Franc Reverses Its Gains In The Morning Session

Swiss Franc Reverses Its Gains In The Morning Session

For the 24 hours to 23:00 GMT, the USD slightly declined against the CHF and closed at 0.9981.

In economic news, Switzerland’s total sight deposits marginally rose to a level of CHF577.34 billion in the week ended 23 November, from CHF577.30 billion in the previous week.

In the Asian session, at GMT0400, the pair is trading at 0.9986, with the USD trading 0.05% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9963, and a fall through could take it to the next support level of 0.9940. The pair is expected to find its first resistance at 1.0001, and a rise through could take it to the next resistance level of 1.0016.

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

GCI Financial
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