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Swiss Franc Extends Its Gains In The Morning Session

By GCI FinancialForexMar 05, 2018 05:46AM ET
www.investing.com/analysis/swiss-franc-extends-its-gains-in-the-morning-session-200295813
Swiss Franc Extends Its Gains In The Morning Session
By GCI Financial   |  Mar 05, 2018 05:46AM ET
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USDCHF Movement
USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CHF and closed at 0.9369 on Friday.

In the Asian session, at GMT0400, the pair is trading at 0.9362, with the USD trading 0.07% lower against the CHF from Friday’s close.

The pair is expected to find support at 0.9331, and a fall through could take it to the next support level of 0.9299. The pair is expected to find its first resistance at 0.9402, and a rise through could take it to the next resistance level of 0.9441.

Amid no key macroeconomic releases in Switzerland today, investor sentiment would be governed by global macroeconomic events.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

Swiss Franc Extends Its Gains In The Morning Session
 

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Swiss Franc Extends Its Gains In The Morning Session

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