- USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.65% against the CHF and closed at 0.9200, after the release of US data on initial jobless claims.
For the week ended 19 November 2011, initial jobless claims in the US rose to 393,000, compared to the previous week’s revised figure of 391,000. Market was expecting the claims to rise to 390,000, following the 388,000 claims originally reported for the previous week. Additionally, for the week ended 12 November 2011, continuing claims in the US rose to 3.691 million, compared to the preceding week’s revised level of 3.623 million.
In the Asian session, at GMT0400, the pair is trading at 0.9185, with the USD trading 0.17% lower from yesterday’s close.
The pair is expected to find support at 0.9139, and a fall through could take it to the next support level of 0.9094. The pair is expected to find its first resistance at 0.9222, and a rise through could take it to the next resistance level of 0.9260.
The currency pair is trading just below its 20 Hr moving average and is trading above its 50 Hr moving average.
