USDCHF Movement
On Friday, the USD declined 0.60% against the CHF and closed at 0.9670, after the US non-farm payrolls data rose less than expected in October.
In economic news, the seasonally adjusted Swiss unemployment rate rose 3.2% in October, in line with market expectations and compared to a similar increase registered in the prior month. Meanwhile, the nation’s annual real retail sales advanced 0.3% in September, following a gain of 1.4% recorded in August.
In the Asian session, at GMT0400, the pair is trading at 0.9641, with the USD trading 0.3% lower from Friday’s close.
The pair is expected to find support at 0.9603, and a fall through could take it to the next support level of 0.9566. The pair is expected to find its first resistance at 0.9711, and a rise through could take it to the next resistance level of 0.9782.
Amid no economic releases from Switzerland today, investor sentiments would be governed by global macroeconomic news.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
