USD/CHF: Switzerland’s unemployment rate remained steady in August


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.55% against the CHF and closed at 0.9450 on Friday.

On the macro front, Switzerland’s seasonally adjusted unemployment rate remained unchanged at 3.2% in August, meeting market expectations.

In the Asian session, at GMT0300, the pair is trading at 0.9490, with the USD trading 0.42% higher against the CHF from Friday’s close.

The pair is expected to find support at 0.9439, and a fall through could take it to the next support level of 0.9387. The pair is expected to find its first resistance at 0.9524, and a rise through could take it to the next resistance level of 0.9557.

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

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