7 Aug 2015
USD/CHF testing highs near 0.9820
FXStreet (Mumbai) - The US dollar extends its upward trajectory versus the Swiss currency for the fifth straight session on Friday, keeping USD/CHF well bid above 0.98 handle, as broad based US dollar strength on the latest upbeat jobs data continues to drag the pair higher while markets ignored in line with expectations Swiss employment data.
USD/CHF supported at 0.9802
Currently, the USD/CHF pair trades 0.12% higher at 0.9819, hovering close to fresh session highs of 0.9822. The USD/CHF pair continues to advance tracking gains in the greenback as traders favour the US currency ahead of the most influential nfp data due for release later today.
The US dollar index, which measures the relative strength of the greenback against its major competitors, is trades 0.14% higher now at 98.01.
Moreover, the pair remains supported as the latest Swiss employment data did little to lift the sentiment around the Swiss franc. The jobless rate remained steady at 3.1% month-on-month, compared to the 3.1% seen in the previous month.
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USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9850 levels and above which it could extend gains 0.9866 levels. To the downside, immediate support might be located at 0.9802 (Today’s Low) levels and below that at 0.9764 (Aug 6 Low) levels.
USD/CHF supported at 0.9802
Currently, the USD/CHF pair trades 0.12% higher at 0.9819, hovering close to fresh session highs of 0.9822. The USD/CHF pair continues to advance tracking gains in the greenback as traders favour the US currency ahead of the most influential nfp data due for release later today.
The US dollar index, which measures the relative strength of the greenback against its major competitors, is trades 0.14% higher now at 98.01.
Moreover, the pair remains supported as the latest Swiss employment data did little to lift the sentiment around the Swiss franc. The jobless rate remained steady at 3.1% month-on-month, compared to the 3.1% seen in the previous month.
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9850 levels and above which it could extend gains 0.9866 levels. To the downside, immediate support might be located at 0.9802 (Today’s Low) levels and below that at 0.9764 (Aug 6 Low) levels.