Swiss Franc Trading On A Stronger Footing, Ahead Of Switzerland’s Inflat

USDCHF

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9736.

In the Asian session, at GMT0400, the pair is trading at 0.9722, with the USD trading 0.14% lower from yesterday’s close.

The pair is expected to find support at 0.9677, and a fall through could take it to the next support level of 0.9632. The pair is expected to find its first resistance at 0.9794, and a rise through could take it to the next resistance level of 0.9866.

Looking ahead, Switzerland’s consumer price index data for January, set for release in a few hours, will garner a lot of market attention.

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

http://www.investing.com/analysis/swiss-franc-trading-on-a-stronger-footing,-ahead-of-switzerland%E2%80%99s-inflat-384164?

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