- The USD/CHF pair is struggling around 1.0020 before the Swiss State Secretariat for Economic Affairs (SECO) publish January month unemployment rate on Friday.
- The pair falls short of extending its 1.0005-10 breakout beyond 1.0030 off late.
- Should the unemployment number surpass 2.4% market consensus, the pair may cross the 1.0030 upside barrier. In doing so, 1.0045 and the 1.0085 may appear on the chart.
- In case prices rally past-1.0085, 1.0110 and 1.0130 could please the bulls.
- If at all the job figure declines noticeably, the pair can be forced to slip under 1.0000 round-figure, which in-turn opens the gate for its dip to an upward sloping support-line of 0.9970.
- Given the sellers’ refrain to respect the 0.9970 support-line, 0.9900 and 0.9850 might become market favorites.
USD/CHF 4-Hour chart
USD/CHF
Overview:
Today Last Price: 1.002
Today Daily change: -0.0003 pips
Today Daily change %: -0.03%
Today Daily Open: 1.0023
Trends:
Daily SMA20: 0.9942
Daily SMA50: 0.9916
Daily SMA100: 0.9928
Daily SMA200: 0.9908
Levels:
Previous Daily High: 1.003
Previous Daily Low: 1
Previous Weekly High: 0.9996
Previous Weekly Low: 0.9905
Previous Monthly High: 0.9996
Previous Monthly Low: 0.9716
Daily Fibonacci 38.2%: 1.0019
Daily Fibonacci 61.8%: 1.0011
Daily Pivot Point S1: 1.0005
Daily Pivot Point S2: 0.9988
Daily Pivot Point S3: 0.9975
Daily Pivot Point R1: 1.0035
Daily Pivot Point R2: 1.0048
Daily Pivot Point R3: 1.0065
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