COZFX: Swiss Franc trading a tad higher in the Asian session
COZFOREX: For the past trading session, the USD rose 0.35% against the CHF and closed at 0.9942.
In economic news, Switzerland’s total sight deposits eased to a level of CHF579.0 billion in the week ended 05 July, from CHF579.3 billion in the previous week.
In the Asian session (at GMT0300), the pair is trading at 0.9940, with the USD trading marginally lower against the CHF from yesterday’s close.
In technical analysis, coz forex senior derivatives trader Daniel • Moloney said: USD/CHF is expected to find support at 0.9911 and a fall through could take it to the next support level of 0.9879; Meanwhile, the pair is expected to find its first resistance at 0.9960, and a rise through could take it to the next resistance level of 0.9979.
Trading trend in the Swiss Franc today, is expected to be determined by Switzerland’s unemployment rate for June, scheduled to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
(COZ forex UK)
COZFOREX: For the past trading session, the USD rose 0.35% against the CHF and closed at 0.9942.
In economic news, Switzerland’s total sight deposits eased to a level of CHF579.0 billion in the week ended 05 July, from CHF579.3 billion in the previous week.
In the Asian session (at GMT0300), the pair is trading at 0.9940, with the USD trading marginally lower against the CHF from yesterday’s close.
In technical analysis, coz forex senior derivatives trader Daniel • Moloney said: USD/CHF is expected to find support at 0.9911 and a fall through could take it to the next support level of 0.9879; Meanwhile, the pair is expected to find its first resistance at 0.9960, and a rise through could take it to the next resistance level of 0.9979.
Trading trend in the Swiss Franc today, is expected to be determined by Switzerland’s unemployment rate for June, scheduled to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
(COZ forex UK)
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