USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CHF and closed at 0.9802.
On the data front, Switzerland’s seasonally adjusted unemployment rate unexpectedly remained steady at 3.3% in September, whereas markets had envisaged the unemployment rate to rise to 3.4%.
In the Asian session, at GMT0300, the pair is trading at 0.9833, with the USD trading 0.32% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9791, and a fall through could take it to the next support level of 0.9749. The pair is expected to find its first resistance at 0.9858, and a rise through could take it to the next resistance level of 0.9883.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
