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


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CHF and closed at 0.9927.

On the data front, Switzerland’s seasonally adjusted unemployment rate remained unchanged at 2.3% in September, in line with market expectations.

In the Asian session, at GMT0300, the pair is trading at 0.9933, with the USD trading 0.06% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9906, and a fall through could take it to the next support level of 0.9878. The pair is expected to find its first resistance at 0.9960, and a rise through could take it to the next resistance level of 0.9986.

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

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