9 Jan 2015
USD/CHF hits daily highs but lacks momentum
FXStreet (Córdoba) - USD/CHF climbed to fresh daily highs following the US nonfarm payrolls report, although momentum faded quickly as investors assess the employment figures.
Even though data showed US cerated 252K jobs in December, beating expectations of 240K, and that unemployment rate fell to 5.6%, concerns about slow wage growth tempered dollar gains.
USD/CHF hit a daily high of 1.0208 but found resistance ahead of yesterday’s multi-year high and pulled back slightly. At time of writing, the pair is trading at 1.0190, just a few pips above its opening price.
USD/CHF levels to watch
In terms of technical levels, immediate resistances are seen at 1.015 (Jan 8 high), 1.0278 (monthly high Sep 2010) and 1.0300 (psychological level). On the other hand, supports could be found at 1.0150 (daily low), 1.0129 (100-hour SMA) and 1.0093 (Jan 7 low).
Even though data showed US cerated 252K jobs in December, beating expectations of 240K, and that unemployment rate fell to 5.6%, concerns about slow wage growth tempered dollar gains.
USD/CHF hit a daily high of 1.0208 but found resistance ahead of yesterday’s multi-year high and pulled back slightly. At time of writing, the pair is trading at 1.0190, just a few pips above its opening price.
USD/CHF levels to watch
In terms of technical levels, immediate resistances are seen at 1.015 (Jan 8 high), 1.0278 (monthly high Sep 2010) and 1.0300 (psychological level). On the other hand, supports could be found at 1.0150 (daily low), 1.0129 (100-hour SMA) and 1.0093 (Jan 7 low).