USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.31% against the CHF and closed at 0.9920.
On the macro front, Switzerland’s seasonally adjusted unemployment rate remained unchanged at 2.3% in August, in line with market expectations. Meanwhile, the nation’s total sight deposits eased slightly to a level of CHF 591.57 billion in the week ended 06 September 2019, from CHF591.60 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9922, with the USD trading a tad higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9895, and a fall through could take it to the next support level of 0.9869. The pair is expected to find its first resistance at 0.9940, and a rise through could take it to the next resistance level of 0.9959.
With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic releases for further direction.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
