22 Oct 2013
USD/CHF prints 20-month low after NFP
FXstreet.com (Córdoba) - The USD/CHF plummeted below 0.9000 and fell to its lowest since February 2012 after data showed US created fewer jobs than expected in September, undermining prospects the Fed could begin tapering stimulus this year.
The dollar came under broad pressure and dropped to a 20-month low of 0.8962 versus the franc before bouncing slightly as investors assess data. At time of writing, USD/CHF is trading at 0.8995, still 0.3% below its opening price.
USD/CHF levels to watch
In terms of technical levels, if USD/CHF breaks below 0.8965/60, next supports are seen at 0.8935 (Feb 29 2012 low) and 0.8900 (psychological level). On the other hand, resistances are seen at 0.9045 (Oct 21 high) and 0.9064 (20-day SMA) ahead of 0.9080 (10-day SMA).
The dollar came under broad pressure and dropped to a 20-month low of 0.8962 versus the franc before bouncing slightly as investors assess data. At time of writing, USD/CHF is trading at 0.8995, still 0.3% below its opening price.
USD/CHF levels to watch
In terms of technical levels, if USD/CHF breaks below 0.8965/60, next supports are seen at 0.8935 (Feb 29 2012 low) and 0.8900 (psychological level). On the other hand, resistances are seen at 0.9045 (Oct 21 high) and 0.9064 (20-day SMA) ahead of 0.9080 (10-day SMA).