USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.26% against the CHF and closed at 0.9163.
In economic news, on a seasonally adjusted basis, the unemployment rate in Switzerland remained unchanged at 3.1% in February, in line with market estimates. Additionally, on an unadjusted basis, the unemployment rate stood at 3.4% in February, unchanged from January’s rate and matched the market estimates.
In the Asian session, at GMT0400, the pair is trading at 0.9156, with the USD trading 0.08% lower from yesterday’s close.
The pair is expected to find support at 0.9135, and a fall through could take it to the next support level of 0.9115. The pair is expected to find its first resistance at 0.9189, and a rise through could take it to the next resistance level of 0.9223.
Trading trends in the pair today are expected to be determined by the release of Swiss Consumer Price Index (CPI).
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
