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5 Sep 2014
USD/CHF sneaks below 0.9300 after nonfarm payrolls
FXStreet (Córdoba) - USD/CHF fell to fresh daily lows sub-0.9300 immediately after the release of disappointing US jobs data.
The US economy added 142,000 new jobs in August, missing expectations of a 225,000 gain and following a 212,000 rise in July (upwardly revised from 209,000). Meanwhile, the unemployment rate edged lower to 6.1% as expected, from 6.2% the previous month.
As the dollar suffered as the knee-jerk reaction to data, USD/CHF hit a low of 0.9284, although USD weakness was quickly reversed with the pair climbing back to the 0.9310 area, where it trades virtually unchanged on the day.
USD/CHF reached a 1-year high of 0.9335 earlier on the day helped by EUR/USD selloff in the wake of European Central Bank easing measures.
USD/CHF levels to watch
As for technical levels, next supports are seen at 0.9212 (Sept 2 high), 0.9200 (psychological level) and 0.9175 (Sept 4 low). On the flip side, resistances are seen at 0.9335 (2014 high Sept 5), 0.9341 (Sept 13 2013 high) and 0.9371 (Sept 11 2013 high).
The US economy added 142,000 new jobs in August, missing expectations of a 225,000 gain and following a 212,000 rise in July (upwardly revised from 209,000). Meanwhile, the unemployment rate edged lower to 6.1% as expected, from 6.2% the previous month.
As the dollar suffered as the knee-jerk reaction to data, USD/CHF hit a low of 0.9284, although USD weakness was quickly reversed with the pair climbing back to the 0.9310 area, where it trades virtually unchanged on the day.
USD/CHF reached a 1-year high of 0.9335 earlier on the day helped by EUR/USD selloff in the wake of European Central Bank easing measures.
USD/CHF levels to watch
As for technical levels, next supports are seen at 0.9212 (Sept 2 high), 0.9200 (psychological level) and 0.9175 (Sept 4 low). On the flip side, resistances are seen at 0.9335 (2014 high Sept 5), 0.9341 (Sept 13 2013 high) and 0.9371 (Sept 11 2013 high).