USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.25% against the CHF and closed at 0.9257.
In the US, initial jobless claims fell to 381,000 in the week ended 3 December 2011, compared to the previous week’s revised figure of 404,000. Additionally, for the week ended 26 November 2011, continuing claims fell to 3.583 million, compared to the preceding week’s revised level of 3.757 million.
In the Asian session, at GMT0400, the pair is trading at 0.9271, with the USD trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 0.9201, and a fall through could take it to the next support level of 0.9132. The pair is expected to find its first resistance at 0.9315, and a rise through could take it to the next resistance level of 0.9360.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
