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Swiss Franc Trading Lower, Ahead Of Switzerland’s KOF Leading Indicator

By GCI FinancialCurrenciesJun 30, 2017 03:58AM ET
www.investing.com/analysis/swiss-franc-trading-lower,-ahead-of-switzerland%E2%80%99s-kof-leading-indicator-200198440
Swiss Franc Trading Lower, Ahead Of Switzerland’s KOF Leading Indicator
By GCI Financial   |  Jun 30, 2017 03:58AM ET
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USDCHF Movement
USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CHF and closed at 0.9555.

In the Asian session, at GMT0300, the pair is trading at 0.9565, with the USD trading 0.1% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9546, and a fall through could take it to the next support level of 0.9527. The pair is expected to find its first resistance at 0.9591, and a rise through could take it to the next resistance level of 0.9617.

Ahead in the day, Switzerland’s KOF leading indicator data for June, slated to release in a few hours, will pique investor attention.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

Swiss Franc Trading Lower, Ahead Of Switzerland’s KOF Leading Indicator
 

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Swiss Franc Trading Lower, Ahead Of Switzerland’s KOF Leading Indicator

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