USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.49% against the CHF and closed at 0.9203.
In economic news, on a seasonally adjusted basis, unemployment rate in Switzerland stood at 3.1% in April, in line with the market forecast and compared to a downwardly revised rate of 3.0% in March. Meanwhile, Swiss consumer price index declined 1.0% (YoY) in April, compared to a similar drop in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9218, with the USD trading 0.17% higher from yesterday’s close.
The pair is expected to find support at 0.9190, and a fall through could take it to the next support level of 0.9161. The pair is expected to find its first resistance at 0.9252, and a rise through could take it to the next resistance level of 0.9286.
Trading trends in the pair today are expected to be determined by the release of consumer confidence data in Switzerland.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
