HomeContributorsFundamental AnalysisUSD/CHF: Swiss Franc Trading Marginally Higher In The Morning Session

USD/CHF: Swiss Franc Trading Marginally Higher In The Morning Session

For the 24 hours to 23:00 GMT, the USD rose 0.41% against the CHF and closed at 1.0115.

In the Asian session, at GMT0400, the pair is trading at 1.0111, with the USD trading a tad lower against the CHF from yesterday’s close.

The pair is expected to find support at 1.0077, and a fall through could take it to the next support level of 1.0043. The pair is expected to find its first resistance at 1.0137, and a rise through could take it to the next resistance level of 1.0163.

With no major economic releases in Switzerland today, investor sentiment would be governed by global macroeconomic events.

The currency pair is showing convergence with 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.

Featured Analysis

Learn Forex Trading

Risk and Reward

Risk-on and Risk-off

Retracement in Forex Trading

Self-Sabotage Revealed

Understanding Pivot Points