USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.70% against the CHF and closed at 0.9328.
In Switzerland, the State Secretariat for Economic Affairs (SECO) reported that the jobless rate, on a seasonally adjusted basis, remained steady at 3.0% (MoM) in November, in line with the market consensus. Separately, the jobless rate rose to 3.1% in November from 2.9% in October. Swiss consumer price index retreated 0.3% (MoM) in November, compared to a 0.1% rise in October.
In the Asian session, at GMT0400, the pair is trading at 0.9322, with the USD trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 0.9272, and a fall through could take it to the next support level of 0.9222. The pair is expected to find its first resistance at 0.9356, and a rise through could take it to the next resistance level of 0.9390.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
