6 May 2015
USD/CHF hits fresh 3-month lows
FXStreet (Córdoba) - USD/CHF fell sharply during the American session and hit fresh 3-month lows as the greenback weakened broadly on the back of disappointing US employment data.
USD/CHF dropped more than 100 pips after the ADP report showed US private sector added fewer jobs than expected in April (169K vs 200K exp) and printed a low of 0.9112 before finding support. The dollar has managed to trim some losses over the last minutes, with USD/CHF trading at 0.9155, still down 1.13% on the day.
USD/CHF levels to watch
In terms of technical levels, USD/CHF could find immediate support levels at 0.9112 (daily low), 0.9100 (psychological level) and 0.9046 (Jan 29 low). On the other hand, resistances are seen at 0.9200 (psychological level), 0.9278 (daily high) and 0.9350 (May 1 high).
USD/CHF dropped more than 100 pips after the ADP report showed US private sector added fewer jobs than expected in April (169K vs 200K exp) and printed a low of 0.9112 before finding support. The dollar has managed to trim some losses over the last minutes, with USD/CHF trading at 0.9155, still down 1.13% on the day.
USD/CHF levels to watch
In terms of technical levels, USD/CHF could find immediate support levels at 0.9112 (daily low), 0.9100 (psychological level) and 0.9046 (Jan 29 low). On the other hand, resistances are seen at 0.9200 (psychological level), 0.9278 (daily high) and 0.9350 (May 1 high).