USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.91% against the CHF, on Friday, and closed at 0.8371.
On a seasonally adjusted basis, the unemployment rate in Switzerland remained unchanged at 3.0% in June, matching market estimates. Additionally, on an unadjusted basis, the unemployment rate in Switzerland fell to 2.8% in June, following an unemployment rate of 2.9% recorded in May.
In the Asian session, at 3:00GMT, the pair is trading at 0.8382, 0.13% higher from Friday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8482, followed by the next resistance at 0.8582. The first area of support is at 0.8321 level, with the subsequent support at 0.8260.
The currency pair is trading just below its 20 Hr and its 50 Hr moving averages.
