Swiss Franc Reverses Its Gains In The Morning Session

By GCI FinancialForexDec 04, 2017 05:12AM ET

www.investing.com/analysis/swiss-franc-reverses-its-gains-in-the-morning-session-200270118

Swiss Franc Reverses Its Gains In The Morning Session

By GCI Financial | Dec 04, 2017 05:12AM ET

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USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.78% against the CHF and closed at 0.9764 on Friday.

In the Asian session, at GMT0400, the pair is trading at 0.9826, with the USD trading 0.63% higher against the CHF from Friday’s close.

The pair is expected to find support at 0.9750, and a fall through could take it to the next support level of 0.9675. The pair is expected to find its first resistance at 0.9886, and a rise through could take it to the next resistance level of 0.9947.

With no major macroeconomic releases in Switzerland today, investor sentiment would be governed by global macroeconomic news.

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

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Swiss Franc Reverses Its Gains In The Morning Session

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