USD/CHF: Switzerland’s unemployment rate remained steady at 3.3% in October

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.41% against the CHF and closed at 0.9786.

In economic news, Switzerland’s seasonally adjusted unemployment rate remained steady at a level of 3.3% in October, meeting market expectations.

In the Asian session, at GMT0400, the pair is trading at 0.9586, with the USD trading 2.04% lower against the USD from yesterday’s close.

The pair is expected to find support at 0.9496, and a fall through could take it to the next support level of 0.9407. The pair is expected to find its first resistance at 0.9755, and a rise through could take it to the next resistance level of 0.9925.

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

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