USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CHF and closed at 1.0057.
On the data front, Switzerland’s seasonally adjusted unemployment rate remained steady at a rate of 2.5% in October, at par with market expectations.
In the Asian session, at GMT0400, the pair is trading at 1.0072, with the USD trading 0.15% higher against the CHF from yesterday’s close.
The pair is expected to find support at 1.0029, and a fall through could take it to the next support level of 0.9985. The pair is expected to find its first resistance at 1.0095, and a rise through could take it to the next resistance level of 1.0117.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
