5 Dec 2014
USD/CHF rises to test 0.9800
FXStreet (Córdoba) - USD/CHF strengthened after the release of the US employment report and jumped from 0.9720 to test 0.9800. The pair peaked at 0.9799, reaching the highest price since May 2013 and was trading near the highs. The last job report of 2014 surpassed expectation, boosting the US dollar across the board.
After a small pause, greenback resumed the rally after the beginning of the US session and reached fresh highs against European currencies, among which the Swiss franc was the worst performer on Friday.
USD/CHF short lived pullback
Yesterday the pair retreated sharply from 0.9795 during Draghi’s press conference, but found support at 0.9650, where the daily 20-SMA stands and then turned again to the upside to challenged the 0.9800 area.
After a small pause, greenback resumed the rally after the beginning of the US session and reached fresh highs against European currencies, among which the Swiss franc was the worst performer on Friday.
USD/CHF short lived pullback
Yesterday the pair retreated sharply from 0.9795 during Draghi’s press conference, but found support at 0.9650, where the daily 20-SMA stands and then turned again to the upside to challenged the 0.9800 area.