USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.35% against the CHF and closed at 0.9751 on Friday.
The Swiss Franc lost ground after data showed that Switzerland’s seasonally adjusted unemployment rate surprisingly rose to a three-month high level of 3.4% in August, its first increase since May, while investors expected it to remain steady at 3.3%.
In the Asian session, at GMT0300, the pair is trading at 0.9752, with the USD trading marginally higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9711, and a fall through could take it to the next support level of 0.9670. The pair is expected to find its first resistance at 0.9788, and a rise through could take it to the next resistance level of 0.9824.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
