USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.06% against the CHF and closed at 0.9767.
In the Asian session, at GMT0300, the pair is trading at 0.9765, with the USD trading a tad lower from yesterday’s close.
The pair is expected to find support at 0.9695, and a fall through could take it to the next support level of 0.9624. The pair is expected to find its first resistance at 0.9813, and a rise through could take it to the next resistance level of 0.9861.
Meanwhile, investors would closely monitor Switzerland’s unemployment rate data, scheduled in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
