Swiss Franc Trading Higher This Morning
For the 24 hours to 23:00 GMT, the USD rose 0.2% against the CHF and closed at 0.9754.
In the Asian session, at GMT0300, the pair is trading at 0.9747, with the USD trading 0.07% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9718, and a fall through could take it to the next support level of 0.9689. The pair is expected to find its first resistance at 0.977, and a rise through could take it to the next resistance level of 0.9793.
Looking forward, investors would eye Switzerland’s producer and import prices for September, due to release in a few hours.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.