USDCHF Movement
For the 24 hours to 23:00 GMT on Friday, USD declined 0.21% against the CHF and closed at 0.9566. The Swiss Franc rose, after number of people employed in Switzerland rose unexpectedly in the first quarter of 2012.
In a report, Federal Statistical Office indicated that that Swiss employment level rose to a seasonally adjusted 4.05 million, from 4.04 million in the preceding quarter. Analysts had expected Swiss employment level to fall to 4.02 million in the last quarter.
The Swiss National Bank President, Thomas Jordan, stated that controls on capital inflows are among measures being considered by a government-led panel to stop the Franc from strengthening if the euro-area debt crisis escalated.
In the Asian session, at GMT0300, the pair is trading at 0.9538, with the USD trading 0.29% lower from Friday’s close.
The pair is expected to find support at 0.9514, and a fall through could take it to the next support level of 0.9490. The pair is expected to find its first resistance at 0.9587, and a rise through could take it to the next resistance level of 0.9636.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
