USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.36% against the CHF and closed at 0.9845.
On Friday, data indicated that July’s seasonally adjusted unemployment rate in Switzerland remained unchanged at 3.30%, while the foreign currency reserves of the country advanced to CHF 531.80 billion in July.
In the Asian session, at GMT0300, the pair is trading at 0.9835, with the USD trading 0.1% lower from Friday’s close.
The pair is expected to find support at 0.9790, and a fall through could take it to the next support level of 0.9745. The pair is expected to find its first resistance at 0.9883, and a rise through could take it to the next resistance level of 0.9931.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
