USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 1.06% against the CHF and closed at 0.8702.
In the US, initial jobless claims unexpectedly rose to 474,000, highest level since August of 2010, for the week ended 30 April 2011, while the non-farm labour productivity rose more-than-expected by 1.6% in the first quarter of FY2011.
In the Asian session, at 3:00GMT, the pair is trading at 0.8711, 0.10% higher from the New York session close.
The pair has its first short term resistance at 0.8766, followed by the next resistance at 0.8820. The first area of support is at 0.8605 levels, with the subsequent support at 0.8498.
Trading trends in the pair today are expected to be determined by data release on unemployment rate in Switzerland.
The pair is trading well above its 20 Hr moving average and its 50 Hr moving average.
