USD/CHF: Greenback tumbles after US jobs data, trading higher this morning

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, USD declined 1.14% against the CHF, on Friday, and closed at 0.8333.

The dollar fell against Swiss franc on Friday after a report showed the US economy created far fewer jobs than expected in May.

In the Asian session, at 3:00GMT, the pair is trading at 0.8345, 0.14% higher from yesterday’s close at 23:00 GMT.

The pair has its first short term resistance at 0.8423, followed by the next resistance at 0.8502. The first area of support is at 0.8294 levels, with the subsequent support at 0.8244.

The currency pair is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.

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