Current trend

Though, ahead of Nonfarm Payrolls data, the US dollar has strengthened against the euro, the yen and gold, the volatility in the USD/CHF pair is low.

Today, Nonfarm Payrolls (+203K), Unemployment Rate (unchanged at 5.1%) and Average Hourly Earnings (0.2% growth) data are due in the US.

Support and resistance

On the 4-hour, weekly and monthly charts, Os MA and Stochastic recommend long positions. On the daily chart, the indicators are not giving clear signals.

The pair is trading in an upward channel, in the upper part of the range, between the levels of 0.9800 and 0.9535.

Support levels: 0.9740, 0.9700, 0.9675, 0.9580, 0.9535.

Resistance levels: 0.9800, 0.9900.

Trading tips

Long positions are preferable and can be opened from the current levels with targets at 0.9825, 0.9880 and stop-loss at 0.9760.

Short positions become valid after the consolidation below the level of 0.9740 with targets at 0.9690, 0.9630 and stop-loss at 0.9760.

USD/CHF: US releases ahead

USD/CHF: US releases ahead

 




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