India Crypto Exchange

Best Bitcoin Trading Platform

Swiss Franc Trading Lower, Ahead Of SNB’s Interest Rate Decision

Swiss Franc Trading Lower, Ahead Of SNB’s Interest Rate Decision

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.92% against the CHF and closed at 0.9833.

The Swiss Franc gained ground, after Switzerland’s unemployment rate remained steady at 3.4% in November, meeting market expectations.

In the Asian session, at GMT0400, the pair is trading at 0.9847, with the USD trading 0.14% higher from yesterday’s close.

The pair is expected to find support at 0.9796, and a fall through could take it to the next support level of 0.9746. The pair is expected to find its first resistance at 0.9919, and a rise through could take it to the next resistance level of 0.9991.

Moving ahead, investors will concentrate on SNB’s interest rate decision, scheduled to be announced in a few hours, for further cues.

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

0 0 votes
文章评分
Subscribe
Notify of
guest
0 评论
Inline Feedbacks
View all comments