USD/CHF: Swiss Franc trading flat in the Asian session


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.81% against the CHF and closed at 1.0066.

On the economic front, Switzerland’s seasonally adjusted unemployment rate remained steady at 3.3% in April, meeting market expectation.

In the Asian session, at GMT0300, the pair is trading at 1.0066, with the USD trading flat against the CHF from yesterday’s close.

The pair is expected to find support at 0.9999, and a fall through could take it to the next support level of 0.9931. The pair is expected to find its first resistance at 1.0112, and a rise through could take it to the next resistance level of 1.0157.

Amid a lack of economic releases in Switzerland today, trading trend in the CHF is expected to be determined by global macroeconomic factors.

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

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