USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CHF and closed at 0.9728 on Friday.
On the data front, Switzerland’s seasonally adjusted unemployment rate remained unchanged at 2.3% in July, meeting market expectations.
In the Asian session, at GMT0300, the pair is trading at 0.9720, with the USD trading 0.08% lower against the CHF from Friday’s close.
The pair is expected to find support at 0.9702, and a fall through could take it to the next support level of 0.9683. The pair is expected to find its first resistance at 0.9746, and a rise through could take it to the next resistance level of 0.9773.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
