USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.24% against the CHF and closed at 1.0124.
Macroeconomic data revealed that Switzerland’s seasonally adjusted unemployment rate remained unchanged at 3.3% in February, meeting market expectations.
In the Asian session, at GMT0400, the pair is trading at 1.0115, with the USD trading 0.09% lower against the CHF from yesterday’s close.
The pair is expected to find support at 1.0080, and a fall through could take it to the next support level of 1.0046. The pair is expected to find its first resistance at 1.0155, and a rise through could take it to the next resistance level of 1.0196.
Moving ahead, investors will keep a close watch on Swiss National Bank’s (SNB) interest rate decision, due to be announced next week.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
