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


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CHF and closed at 0.9997.

In economic news, Switzerland’s seasonally adjusted unemployment rate remained unchanged at 2.4% in March, at par with market expectations.

In the Asian session, at GMT0300, the pair is trading at 1.0004, with the USD trading 0.07% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9986, and a fall through could take it to the next support level of 0.9969. The pair is expected to find its first resistance at 1.0015, and a rise through could take it to the next resistance level of 1.0027.

Amid no major economic releases in Switzerland today, investor sentiment would be determined by global macroeconomic factors.

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

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