USDCHF Movement
On Friday, the USD rose 0.23% against the CHF and closed at 0.9790.
In economic news, Switzerland’s unemployment rate fell to 3.4% in March, in line with market expectations and following a level of 3.5% registered in the preceding month.
In the Asian session, at GMT0300, the pair is trading at 0.9796, with the USD trading 0.06% higher from Friday’s close.
The pair is expected to find support at 0.9751, and a fall through could take it to the next support level of 0.9707. The pair is expected to find its first resistance at 0.9840, and a rise through could take it to the next resistance level of 0.9884.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
