USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.41% against the CHF and closed at 0.9786.
In economic news, Switzerland’s seasonally adjusted unemployment rate remained steady at a level of 3.3% in October, meeting market expectations.
In the Asian session, at GMT0400, the pair is trading at 0.9586, with the USD trading 2.04% lower against the USD from yesterday’s close.
The pair is expected to find support at 0.9496, and a fall through could take it to the next support level of 0.9407. The pair is expected to find its first resistance at 0.9755, and a rise through could take it to the next resistance level of 0.9925.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
