5 Aug 2015
USD/CHF unable to hold above 0.9800
FXStreet (Córdoba) - At the beginning of the American session USD/CHF rose above 0.9800 for the first time since April but then bounced to the downside and it was trading at 0.9785/90, modestly higher for the day. The pair peak at 0.9820 before retreating.
USD/CHF and 0.9800
The pair during April also traded above 0.9800 but it also failed to consolidate above. If the US dollar manages to rally and confirms levels on top it would post the highest close since March and would probably open the doors for a rise toward the parity level
The release of the US employment report on Friday could trigger sharp moves as traders analyze the information and the probable timing of the Federal Reserve liftoff.
USD/CHF technical levels
To the upside, resistance levels could be located at 0.9820 (daily high), 0.9835 and 0.9860/65 (April 13 high). On the opposite direction support could be located at 0.9770, 0.9720 (July 30 high) and 0.9650.
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USD/CHF and 0.9800
The pair during April also traded above 0.9800 but it also failed to consolidate above. If the US dollar manages to rally and confirms levels on top it would post the highest close since March and would probably open the doors for a rise toward the parity level
The release of the US employment report on Friday could trigger sharp moves as traders analyze the information and the probable timing of the Federal Reserve liftoff.
USD/CHF technical levels
To the upside, resistance levels could be located at 0.9820 (daily high), 0.9835 and 0.9860/65 (April 13 high). On the opposite direction support could be located at 0.9770, 0.9720 (July 30 high) and 0.9650.
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!