The Fed will be paying close attention to the jobs report and giving it more weight. The price is stuck around 0.9600, looking for a catalyst. The USD/CHF price was consolidating around the 0.9600 level ahead of the jobs report from the United States. There is a lot of uncertainty regarding the Federal Reserve’s pace and size of interest rates in the coming months. -Are you interested in learning about forex indicators? Click here for details- A good jobs report could mean more extensive rate hikes to control inflation. On the other hand, an alarming report could mean a pause in rate hikes. The balance between growth and inflation is not an easy one. For this reason, the Fed is paying very close attention to the economy’s health, giving more weight to today’s jobs report. “If we have a significant deterioration in the labor markets over the summer, then I would say there is a risk of recession next year. But we don’t see this for the time being,” said Francois Savary, Chief Investment Officer of Swiss wealth manager Prime Partners. Investors will wait to see the report, and the reaction might cause a lot of volatility in USD/CHF. USD/CHF key events today Today is a big day for dollar pairs, and USD/CHF investors will be keeping an eye on the employment data coming out in the US, mainly the Nonfarm Payrolls and Unemployment Rate for May. Investors expect the nonfarm payroll to go down from 428K to 325K. A smaller than expected value could push USD/CHF lower, while a larger than expected one could push the pair higher. Investors will be watching the unemployment rate, which they expect to drop from 3.6% to 3.5%. Finally, the ISM Non-Manufacturing PMI will be released later in the day. The consensus on this is that 56.4 is coming down from 57.1. Get FREE Forex Signals Now! USD/CHF price technical analysis: 0.9600 remains the pivot The 4-hour chart shows the price consolidating at 0.9600, which also happens to be where the 30-SMA is currently. Consolidation shows that there is indecision in the market. Neither the bulls nor the bears are more robust. -Are you interested in learning about the forex signals telegram group? Click here for details- The winning side will push the pair either above or below the 30-SMA. The RSI, which is currently trading at around 47, will be either above 70 or below 30 when the winner is decided. Until then, the best position would be on the sidelines. Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Majors share Read Next EUR/USD Price Runs Out of Steam at 1.0757 Ahead of US NFP Olimpiu Tuns 8 months The Fed will be paying close attention to the jobs report and giving it more weight. The price is stuck around 0.9600, looking for a catalyst. The USD/CHF price was consolidating around the 0.9600 level ahead of the jobs report from the United States. There is a lot of uncertainty regarding the Federal Reserve's pace and size of interest rates in the coming months. -Are you interested in learning about forex indicators? Click here for details- A good jobs report could mean more extensive rate hikes to control inflation. On the other hand, an alarming report could mean a pause… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.