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Forex

Swiss Franc trading flat in the Asian session

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For the 24 hours to 23:00 GMT, the USD rose 0.09% against the CHF and closed at 0.9745.

In the Asian session, at GMT0300, the pair is trading at 0.9745, with the USD trading flat against the CHF from yesterday’s close.

The pair is expected to find support at 0.9712, and a fall through could take it to the next support level of 0.9679. The pair is expected to find its first resistance at 0.9772, and a rise through could take it to the next resistance level of 0.9799.

Amid no economic releases in Switzerland today, investor sentiments would be governed by global macroeconomic news.

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

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