USD/CHF: Swiss Franc trading weaker ahead of Switzerland’s unemployment rate

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CHF and closed at 0.9864, extending its previous session gains.

In the Asian session, at GMT0400, the pair is trading at 0.9894, with the USD trading 0.3% higher from yesterday’s close.

The pair is expected to find support at 0.9838, and a fall through could take it to the next support level of 0.9782. The pair is expected to find its first resistance at 0.9933, and a rise through could take it to the next resistance level of 0.9972.

Going forward, investors await Switzerland’s unemployment rate data, scheduled in a few hours.

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

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