USD/CHF falls below 0.9800 after US jobs data

USD/CHF fell to fresh daily lows, in tandem with a pullback of the greenback across the board, following the release of below expectations US nonfarm payrolls.

Data showed US economy added 156,000 new jobs in September, the smallest gain since May, and missing expectations of a 175,000 increase. Meanwhile, the unemployment rate unexpectedly rose to 5.0% from 4.9% the previous month.

USD/CHF dropped nearly half a cent in a matter of minutes and hit a low of 0.9781 in recent dealings. At time of writing, the pair is trading at 0.9792, 0.13% below its opening price.

USD/CHF levels to consider

As for technical levels, next supports are seen at 0.9752 (100-day SMA), 0.9730 (50-day SMA) and 0.9700 (psychological level). On the other hand, resistances could be found at 0.9837 (Oct 7 high), 0.9882 (Sep 1 high) and 0.9900 (psychological level).