6 Dec 2013
USD/CHF tests daily highs on employment data
FXstreet.com (San Francisco) - The USD/CHF jumped around 30 pips to reach fresh intra-day highs at 0.8985 following the better than expected US employment data but movement was short live with the pair returning back to previous levels.
Currently, the USD/CHF is trading at 0.8955, fluctuating in between positive and negative performance on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the south while the Stochastic and MACD are neutral.
Below the 0.8945, next supports are at 0.8900 and 0.8850. On the upside, 0.8985 is the next frontier, then 0.900 and 0.9045 are levels to pay attention.
Currently, the USD/CHF is trading at 0.8955, fluctuating in between positive and negative performance on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the south while the Stochastic and MACD are neutral.
Below the 0.8945, next supports are at 0.8900 and 0.8850. On the upside, 0.8985 is the next frontier, then 0.900 and 0.9045 are levels to pay attention.