COZFX: Swiss Franc trading a tad lower in the morning session

COZFOREX: For the past trading session, the USD declined 0.16% against the CHF and closed at 0.9911 on Friday.

In the Asian session (at GMT0300), the pair is trading at 0.9912, with the USD trading marginally higher against the CHF from Friday’s close.

In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: USD/CHF is expected to find support at 0.9889 and a fall through could take it to the next support level of 0.9867; Meanwhile, the pair is expected to find its first resistance at 0.9935, and a rise through could take it to the next resistance level of 0.9959.

With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic releases for further direction.

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

(COZ forex UK)