USD/CHF: Morning dollar weakness supporting the Swiss franc

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, USD rose 0.93% against the CHF, on Friday, and closed at 0.8783.

In Switzerland, the number of unemployed workers decreased from 3.4% in March to 3.1% in April.

In the Asian session, at 3:00GMT, the pair is trading at 0.8758, 0.28% lower from the New York session close.

The pair has its first short term resistance at 0.8815, followed by the next resistance at 0.8873. The first area of support is at 0.8686 levels, with the subsequent support at 0.8615.

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

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