USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.35% against the CHF and closed at 0.9148.
Swiss Franc edged down after reports showed that the Swiss unemployment climbed to its highest level in 10 months in January. On an unadjusted basis, the unemployment rate came in at 3.4% in January, highest level since February 2011. Meanwhile, on a seasonally adjusted basis, the unemployment rate in Switzerland remained unchanged at 3.1% in January.
In the Asian session, at GMT0400, the pair is trading at 0.9135, with the USD trading 0.15% lower from yesterday’s close.
The pair is expected to find support at 0.9110, and a fall through could take it to the next support level of 0.9086. The pair is expected to find its first resistance at 0.9156, and a rise through could take it to the next resistance level of 0.9177.
Investors are awaiting SECO consumer confidence data in Switzerland later today.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
