7 May 2015
USD/CHF recovers from 3-month lows
FXStreet (Córdoba) - USD/CHF bounced off 3-month lows and erased intraday losses as the dollar was lifted by better-than-expected US initial jobless claims.
USD/CHF briefly dropped below 0.9100 and scored its lowest level since Jan 29 at 0.9070 before turning higher. The pair has risen more than 100 pips over the last hours and reached a fresh daily high of 0.9175. At time of writing, USD/CHF is trading at 0.9170, now 0.15% above its opening price.
US initial jobless claims stay near 15-year low
The number of people applying for US unemployment benefits rose by 3,000 to 265,000 in the week ending May 2, beating expectations of 280,000 and holding near a 15-year low. The previous week print, unrevised at 262,000, was the lowest since 2000.
USD/CHF levels to watch
In terms of technical levels, USD/CHF could find immediate support levels at 0.9070 (daily low), 0.9040 (Jan 29 low). On the other hand, resistances are seen at 0.9200 (psychological level), 0.9278 (May 6 high) and 0.9350 (May 1 high).
USD/CHF briefly dropped below 0.9100 and scored its lowest level since Jan 29 at 0.9070 before turning higher. The pair has risen more than 100 pips over the last hours and reached a fresh daily high of 0.9175. At time of writing, USD/CHF is trading at 0.9170, now 0.15% above its opening price.
US initial jobless claims stay near 15-year low
The number of people applying for US unemployment benefits rose by 3,000 to 265,000 in the week ending May 2, beating expectations of 280,000 and holding near a 15-year low. The previous week print, unrevised at 262,000, was the lowest since 2000.
USD/CHF levels to watch
In terms of technical levels, USD/CHF could find immediate support levels at 0.9070 (daily low), 0.9040 (Jan 29 low). On the other hand, resistances are seen at 0.9200 (psychological level), 0.9278 (May 6 high) and 0.9350 (May 1 high).