Contributors Fundamental Analysis Switzerland’s Unemployment Rate Remained Unchanged In November

Switzerland’s Unemployment Rate Remained Unchanged In November

For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CHF and closed at 0.9878.

In economic news, Switzerland’s seasonally adjusted unemployment rate remained unchanged at 2.3% in November, in line with market expectations.

In the Asian session, at GMT0400, the pair is trading at 0.9880, with the USD trading slightly higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9867, and a fall through could take it to the next support level of 0.9853. The pair is expected to find its first resistance at 0.9902, and a rise through could take it to the next resistance level of 0.9923.

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

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