USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.25% against the CHF and closed at 0.9188.
In Switzerland, the unemployment rate fell to 3.2% in March, compared to 3.4% in the previous month.
Separately, the acting head of the Swiss National Bank, Thomas Jordan stated that the bank’s policy in relation to its minimum exchange rate floor against the Euro was unchanged, after the level was briefly breached last week.
In the Asian session, at GMT0300, the pair is trading at 0.9179, with the USD trading 0.09% lower from yesterday’s close.
The pair is expected to find support at 0.9147, and a fall through could take it to the next support level of 0.9114. The pair is expected to find its first resistance at 0.9211, and a rise through could take it to the next resistance level of 0.9243.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
