For the 24 hours to 23:00 GMT, the USD rose 0.8% against the CHF and closed at 0.9508.

In economic news, the seasonally adjusted unemployment rate in Switzerland dropped to 2.9% in February, in line with market expectations. In the prior month, the unemployment rate stood at 3.0%.

In the Asian session, at GMT0400, the pair is trading at 0.9521, with the USD trading 0.14% higher against the CHF from yesterday’s close.

- advertisement -

The pair is expected to find support at 0.9450, and a fall through could take it to the next support level of 0.9380. The pair is expected to find its first resistance at 0.9563, and a rise through could take it to the next resistance level of 0.9606.

Amid no macroeconomic releases in Switzerland today, traders would eye the Swiss National Bank’s interest rate decision, due next week.

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


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.