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USD/CHF – Swiss Franc trading lower in the Asian session

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For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9777.

Swiss total sight deposits inched up to a level of CHF515.6 billion in the week ended 26 August, from CHF514.1 billion in the previous week.

In the Asian session, at GMT0300, the pair is trading at 0.9802, with the USD trading 0.26% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9772, and a fall through could take it to the next support level of 0.9742. The pair is expected to find its first resistance at 0.9821, and a rise through could take it to the next resistance level of 0.9840.

Risk Warning:

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Paul

The author Paul