USD/CHF: Switzerland’s unemployment rate remained unchanged in June


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CHF and closed at 0.9639 on Friday.

In economic news, Switzerland’s seasonally adjusted unemployment rate remained steady at 3.2% in June, at par with market expectations.

In the Asian session, at GMT0300, the pair is trading at 0.9639, with the USD trading flat against the CHF from Friday’s close.

The pair is expected to find support at 0.9611, and a fall through could take it to the next support level of 0.9584. The pair is expected to find its first resistance at 0.9660, and a rise through could take it to the next resistance level of 0.9682.

With no major economic releases in Switzerland today, investors will look forward to global events for further direction.

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

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