Forex: USD/CHF off highs following strong NFPs
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USD/CHF
FXstreet.com (Barcelona) - USDCHF has moved off its weekly highs following this afternoons Non Farm Payroll figures.
Payrolls beat expectations at 146k/93K but saw the previous month revised from 171K to 138K. US unemployment declined to 7.7% against expectations of 7.9% while Canadian unemployment dropped to 7.2% from 7.4% and expectations of 7.4%. Spot initially climbed to post a weekly high at 0.9383 before retracing to find support at 0.9360, just above classic R1 resistance at 0.9359. Spot is currently trading at 0.9365, up 0.45% on the days trading.
Payrolls beat expectations at 146k/93K but saw the previous month revised from 171K to 138K. US unemployment declined to 7.7% against expectations of 7.9% while Canadian unemployment dropped to 7.2% from 7.4% and expectations of 7.4%. Spot initially climbed to post a weekly high at 0.9383 before retracing to find support at 0.9360, just above classic R1 resistance at 0.9359. Spot is currently trading at 0.9365, up 0.45% on the days trading.
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