USD/CHF: Swiss Franc trading higher, ahead of Swiss unemployment rate data


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 0.9798.

In economic news, Switzerland’s total sight deposits fell to a level of CHF578.5 billion in the week ended 06 October, compared to a level of CHF579.0 billion reported in the previous week.

In the Asian session, at GMT0300, the pair is trading at 0.9782, with the USD trading 0.16% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9767, and a fall through could take it to the next support level of 0.9753. The pair is expected to find its first resistance at 0.9802, and a rise through could take it to the next resistance level of 0.9823.

Moving ahead, investors will closely monitor Switzerland’s unemployment rate for September, due to release in a while.

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

This entry was posted in USD/CHF. Bookmark the permalink.

Comments are closed.