2 Jul 2015
USD/CHF backs away from 0.9500 after US NFP
FXStreet (Córdoba) - USD/CHF was rejected from the 0.9500 zone and fell to fresh daily lows as the dollar came under broad pressure following disappointing US jobs data.
According to nonfarm payrolls report, the US economy created 223,000 new jobs in June, missing expectations of 230,000 and below a downwardly revised gain of 254,000 in May. The unemployment rate edged lower to 5.3% from 5.5% the previous month but wages were flat and the participation fell.
The dollar fell across the board and printed a low of 0.9420 against the franc. At time of writing, the pair is trading at 0.9432, 0.48% below its opening price, from 0.9503 before the data.
USD/CHF levels to watch
In terms of technical levels, next supports are seen at 0.9420 (Jul 2 low), 0.9400 (psychological level) and 0.9335 (50-day SMA). On the upside, resistances could be found at 0.9498/0.9503 (100-day SMA/Jul 2 high) and 0.9523 (200-day SMA).
According to nonfarm payrolls report, the US economy created 223,000 new jobs in June, missing expectations of 230,000 and below a downwardly revised gain of 254,000 in May. The unemployment rate edged lower to 5.3% from 5.5% the previous month but wages were flat and the participation fell.
The dollar fell across the board and printed a low of 0.9420 against the franc. At time of writing, the pair is trading at 0.9432, 0.48% below its opening price, from 0.9503 before the data.
USD/CHF levels to watch
In terms of technical levels, next supports are seen at 0.9420 (Jul 2 low), 0.9400 (psychological level) and 0.9335 (50-day SMA). On the upside, resistances could be found at 0.9498/0.9503 (100-day SMA/Jul 2 high) and 0.9523 (200-day SMA).