Fri, Oct 22, 2021 @ 00:20 GMT
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Swiss Franc Trading Lower, Ahead Of Swiss Unemployment Rate Data

For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CHF and closed at 0.9586 on Friday.

In the Asian session, at GMT0300, the pair is trading at 0.9599, with the USD trading 0.14% higher against the CHF from Friday’s close.

The pair is expected to find support at 0.9569, and a fall through could take it to the next support level of 0.9539. The pair is expected to find its first resistance at 0.9639, and a rise through could take it to the next resistance level of 0.9679.

Ahead in the day, market participants would await the release of Switzerland’s unemployment rate data for March.

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

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DISCLAIMER : GCI's Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

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