Contributors Fundamental Analysis Swiss Unemployment Remained Steady In March

Swiss Unemployment Remained Steady In March

For the 24 hours to 23:00 GMT, the USD rose 0.35% against the CHF and closed at 1.0087 on Friday.

On the data front, Switzerland’s seasonally adjusted unemployment rate remained steady at 3.3% in March, meeting market expectations.

In the Asian session, at GMT0300, the pair is trading at 1.0099, with the USD trading 0.12% higher against the CHF from Friday’s close.

The pair is expected to find support at 1.0049, and a fall through could take it to the next support level of 1.0000. The pair is expected to find its first resistance at 1.0126, and a rise through could take it to the next resistance level of 1.0154.

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

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