FXstreet.com (Barcelona) - Having opened at 0.9533 (intraday minimum), the USD/CHF has steadfastly risen throughout the waking hours of the European session Friday to trade presently at 0.9578. The most recent surge of nearly 20 pips over the past hour has culminated in a gain of +0.40% on the day.
On the data front, Foreign Currency Reserves were reported in Switzerland at 418.4B in August, compared with a figure of 408.6B in the previous month. With no other data expected out of Switzerland for the rest of the day, investors will anxiously await the publication of the Nonfarm payroll data (August) in the United States at 12:30 GMT.
Briefing the technical levels, the technical analysts at Mataf.net calculate the pair’s next resistance levels at 0.9584, then 0.9630, and finally 0.9662. Conversely, a break below 0.9506 will trigger supports at 0.9474 and 0.9428.
On the data front, Foreign Currency Reserves were reported in Switzerland at 418.4B in August, compared with a figure of 408.6B in the previous month. With no other data expected out of Switzerland for the rest of the day, investors will anxiously await the publication of the Nonfarm payroll data (August) in the United States at 12:30 GMT.
Briefing the technical levels, the technical analysts at Mataf.net calculate the pair’s next resistance levels at 0.9584, then 0.9630, and finally 0.9662. Conversely, a break below 0.9506 will trigger supports at 0.9474 and 0.9428.
