USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.15% against the CHF and closed at 0.8429.
In the US, the initial jobless claims fell to 422,000, compared to the previous week’s revised figure of 428,000. Additionally, the continuing claims fell by 1,000 from a week earlier to 3.711 million.
In the Asian session, at 3:00GMT, the pair is trading at 0.8433, 0.05% higher from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8459, followed by the next resistance at 0.8484. The first area of support is at 0.8403 levels, with the subsequent support at 0.8372.
The currency pair is showing convergence with its 20 Hr and its 50 Hr moving averages.
