Forex: USD/CHF wavers after NFP
Forex pairs in this Article »
USD/CHF
FXstreet.com (Córdoba) - The dollar jumped immediately following the latest nonfarm payrolls report, but quickly retreated to pre-data levels versus the Swiss franc as investors assess the figures. Strong jobs report makes case against QE3.
USDCHF rose to the 0.9830 zone only to fall back below the 0.9800, but after the initial hesitation the pair is now heading higher. At time of writing, USDCHF is trading around 0.9810, still down 0.5% on the day.
In terms of technical levels, next resistances are seen at 0.9830, 0.9850 and 0.9870, while supports could be found at 0.9790, 0.9750 and 0.9700.
The NFP report showed the US economy added 163,000 new jobs in July, higher than the 100,000 gain expected. However, the unemployment rate edged higher to 8.3% in July from 8.2% in June, its highest since February.
USDCHF rose to the 0.9830 zone only to fall back below the 0.9800, but after the initial hesitation the pair is now heading higher. At time of writing, USDCHF is trading around 0.9810, still down 0.5% on the day.
In terms of technical levels, next resistances are seen at 0.9830, 0.9850 and 0.9870, while supports could be found at 0.9790, 0.9750 and 0.9700.
The NFP report showed the US economy added 163,000 new jobs in July, higher than the 100,000 gain expected. However, the unemployment rate edged higher to 8.3% in July from 8.2% in June, its highest since February.
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