Swiss Franc Trading Higher, Ahead Of Switzerland’s SVME-Purchasing Manag
For the 24 hours to 23:00 GMT, the USD rose 1.13% against the CHF and closed at 0.9998.
In the Asian session, at GMT0400, the pair is trading at 0.999, with the USD trading 0.25% lower from Thursday’s close.
The pair is expected to find support at 0.9975, and a fall through could take it to the next support level of 0.9960. The pair is expected to find its first resistance at 1.0017, and a rise through could take it to the next resistance level of 1.0044.
Moving ahead, investors await Switzerland’s SVME-Purchasing manager’s index data for December, scheduled to be released in a few hours, for further cues.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.