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Swiss Franc Trading Lower This Morning Investors Eye The UBS Consumption

By  |  Forex  |  Nov 27, 2012 09:12AM GMT  |   Add a Comment
Swiss Franc Trading Lower This Morning Investors Eye The UBS Consumption
By   |  Nov 27, 2012 09:12AM GMT

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.
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