USD/CHF

February 04, 2019

USD/CHF: The Swiss franc slumped to a 5-day low, as the greenback gained after data released on Friday showed nonfarm payrolls jumped by 304,000 jobs last month, exceeding estimates and the largest gain since February 2018. The major trades 0.2 percent up at 0.9973, having touched a high of 0.9994 on Wednesday; it’s highest since December 5. On the higher side, near-term resistance is around 0.9986 January 22 High) and any break above will take the pair to next level till 1.0008 (December 5 High). The near-term support is around 0.9889 (December 7 Low), and any close below that level will drag it till 0.9840 (December 27 Low).

USD/CHF daily chart

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