For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CHF and closed at 0.9267. The Swiss franc rose, after employment level in Switzerland rose to 4.12 million in the Q3 FY2012, compared to a level of 4.07 million registered in the previous quarter. Market had expected a rise to 4.09 million.
In the Asian session, at 04:00 GMT, the pair is trading at 0.9274, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9252, and a fall through could take it to the next support level of 0.9230. The pair is expected to find its first resistance at 0.9298, and a rise through could take it to the next resistance level of 0.9322.
Trading trends in the pair today are expected to be determined by the release of UBS consumption indicator in Switzerland.
Disclaimer: GCI Weekly Highlights 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 Financial Ltd. assumes no responsibility or liability from gains or losses incurred by the information herein contained.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.