USD/CHF: Trading flat, data on unemployment rate in Switzerland awaited

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, USD declined 0.77% against the CHF on Friday and closed at 0.9249.

In the US, nonfarm payroll employment rose by 192,000 jobs in February, less than market expectations, following an upwardly revised increase of 63,000 jobs recorded in January,.

In the Asian session, at 4:00GMT, the pair is trading at 0.9249, flat from the New York session close.

The pair has its first short term resistance at 0.9305, followed by the next resistance at 0.9361. The first area of support is at 0.9219 levels, with the subsequent support at 0.9189.

Trading trends in the pair today are expected to be determined by data release on unemployment rate in Switzerland.

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

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