USD/CHF: Swiss Franc trading lower in Asian session

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, USD declined 1.05% against the CHF, on Friday and closed at 0.9064.

In Switzerland, the seasonally adjusted unemployment rate dropped to 3.3% in March compared to a reading 3.4% in February.

In the Asian session, at 3:00GMT, the pair is trading at 0.9074, 0.11% higher from the New York session close.

The pair has its first short term resistance at 0.9140, followed by the next resistance at 0.9205. The first area of support is at 0.9031 levels, with the subsequent support at 0.8987.

With no key Switzerland economic releases in the day ahead, the pair is expected to ride on general market cues against the greenback.

The currency pair is trading just below its 20 Hr and 50 Hr moving averages.

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