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USD/CHF in highs near 0.9990

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - The Swiss franc is depreciating further vs. the US dollar today, pushing USD/CHF to session highs in the 0.9990 area.

    USD/CHF boosted by USD buying

    The greenback has started the week on a firmer footing following a stellar US Non-farm Payrolls, where the economy has surpassed expectations and created 292K jobs during the last month.

    Data wise in the Alpine economy, Real Retail Sales have contracted 3.1% on a year to December, missing forecasts for a 0.3% gain. Ahead in the session, the Fed’s Labor Market Conditions Index is only due in an otherwise empty docket (0.5 prev.).

    USD/CHF key levels

    As of writing the pair is advancing 0.33% at 0.9980 with the next hurdle at 1.0006 (55-day sma) followed by 1.0092 (downtrend from 1.0335) and finally 1.0131 (high Jan.5). On the other hand, a breach of 0.9862 (100-day sma) would expose 0.9803 (61.8% Fibo of 0.9473-1.0131) and then 0.9784 (low Dec.14).
    For more information, read our latest forex news.
     

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