For the 24 hours to 23:00 GMT, the USD declined 0.09% against the CHF and closed at 1.0018.
In economic news, Switzerland’s seasonally adjusted unemployment rate unexpectedly eased to 2.7% in April, confounding market consensus for an advance to 2.9%. In the previous month, unemployment rate had recorded a revised reading of 2.8%.
In the Asian session, at GMT0300, the pair is trading at 1.0036, with the USD trading 0.18% higher against the CHF from yesterday’s close.
The pair is expected to find support at 1.0011, and a fall through could take it to the next support level of 0.9986. The pair is expected to find its first resistance at 1.0053, and a rise through could take it to the next resistance level of 1.0070.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
