USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.24% against the CHF and closed at 0.9234.
In Switzerland, the unemployment rate rose to 3.1% in November, compared to 2.9% recorded in October.
Switzerland’s Finance Minister, Eveline Widmer-Schlumpf, stated that a government panel was considering using negative interest rates and capital controls to combat the currency’s appreciation.
In the Asian session, at GMT0400, the pair is trading at 0.9250, with the USD trading 0.18% higher from yesterday’s close.
The pair is expected to find support at 0.9223, and a fall through could take it to the next support level of 0.9195. The pair is expected to find its first resistance at 0.9283, and a rise through could take it to the next resistance level of 0.9316.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
