HomeContributorsFundamental AnalysisSwiss Franc Trading A Tad Higher, Ahead Of SNB's Interest Rate Decision

Swiss Franc Trading A Tad Higher, Ahead Of SNB’s Interest Rate Decision

For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.9713.

In the Asian session, at GMT0300, the pair is trading at 0.9712, with the USD trading slightly lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9657, and a fall through could take it to the next support level of 0.9601. The pair is expected to find its first resistance at 0.9752, and a rise through could take it to the next resistance level of 0.9791.

Ahead in the day, investors will await the announcement of Swiss National Bank’s (SNB) interest rate decision.

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

GCI Financial
GCI Financialhttp://www.gcitrading.com/
DISCLAIMER : GCI's Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

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