USD/CHF: Swiss Franc trading a tad higher this morning, ahead of Swiss unemployment rate data


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.94% against the CHF and closed at 0.9985.

On the data front, Switzerland’s total sight deposits climbed to a level of CHF573.1 billion in the week ended 05 May, from CHF571.4 billion in the previous week.

In the Asian session, at GMT0300, the pair is trading at 0.9982, with the USD trading marginally lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9912, and a fall through could take it to the next support level of 0.9841. The pair is expected to find its first resistance at 1.0022, and a rise through could take it to the next resistance level of 1.0061.

Ahead in the day, all eyes will be on Switzerland’s unemployment rate data for April.

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

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