3 Apr 2015
USD/CHF slumps to 0.9480
FXStreet (Edinburgh) - The selling pressure is picking up pace around the US dollar on Friday, dragging USD/CHF to session lows in sub-0.9500 levels.
USD/CHF in 5-week lows
The pair is trading in multi-week troughs following the miserable results from the US labour market, with Payrolls adding 126K jobs during March vs. 244K forecasted and down from 264K from February (revised from 295K). The unemployment rate, instead, matched prior surveys at 5.5%.
The pair is now retreating for the third consecutive week, correcting lower after hitting the area of 1.0100 during March.
USD/CHF levels to consider
As of writing the pair is down 1.09% at 0.9492 with the next support at 0.9450 (low Feb.27) ahead of 0.9437 (200-d MA) and then 0.9400 (psychological level). On the upside, a breakout of 0.9743 (high Apr.1) would open the door to 0.9760 (high Mar.31) and finally 0.9807 (21-d MA).
USD/CHF in 5-week lows
The pair is trading in multi-week troughs following the miserable results from the US labour market, with Payrolls adding 126K jobs during March vs. 244K forecasted and down from 264K from February (revised from 295K). The unemployment rate, instead, matched prior surveys at 5.5%.
The pair is now retreating for the third consecutive week, correcting lower after hitting the area of 1.0100 during March.
USD/CHF levels to consider
As of writing the pair is down 1.09% at 0.9492 with the next support at 0.9450 (low Feb.27) ahead of 0.9437 (200-d MA) and then 0.9400 (psychological level). On the upside, a breakout of 0.9743 (high Apr.1) would open the door to 0.9760 (high Mar.31) and finally 0.9807 (21-d MA).