|

USDCHF tumbles below parity on USD worst day in weeks

  • US Dollar extends losses during the American session.
  • NFP surpasses expectations but does not help Dollar.
  • USDCHF erases most weekly gains, back under parity.

The USDCHF is falling almost two hundred pips on Friday, on the worst performance in weeks, amid a broad-based Dollar slide. The better-than-expected US jobs numbers did not help the Dollar, which is ending the week pointing to further weakness.

The pair recently hit a fresh two-day low at 0.9940 and it remains with a bearish bias. The next support stands at around 0.9920. The reversal from the 1.0150 area, which again capped the upside, is firm.

Dollar down despite NFP

The US official employment report showed numbers above expectations, although the slowest monthly gain in jobs since December 2020. The labor market remains healthy.

The US Dollar initially rose following the NFP but then reversed sharply, resuming the decline. “The currency market looks to be more concerned about speculation of a relaxation of China's zero COVID policy than a firmer jobs report or higher Fed terminal rate, which may be more influential in triggering some positioning adjustments. The easy phase of the USD's bid is behind us, but the onus will be on regional prospects to undermine the USD. Near-term, we think there may be more noise-than-signal in the FX space,” commented analysts at TD Securities.

The US Dollar is still marginally higher for the week but is far from the highs, on a busy week that included a 75 basis points rate hike from the Federal Reserve. Next week, on Tuesday, are US mid-term elections and on Thursday CPI data is due. Inflation numbers will be the highlight of the week and will likely impact markets.

Technical levels

USD/CHF

Overview
Today last price0.9956
Today Daily Change-0.0176
Today Daily Change %-1.74
Today daily open1.0132
 
Trends
Daily SMA200.9989
Daily SMA500.9845
Daily SMA1000.9733
Daily SMA2000.9608
 
Levels
Previous Daily High1.0148
Previous Daily Low1.0004
Previous Weekly High1.0032
Previous Weekly Low0.9842
Previous Monthly High1.0148
Previous Monthly Low0.9781
Daily Fibonacci 38.2%1.0093
Daily Fibonacci 61.8%1.0059
Daily Pivot Point S11.0042
Daily Pivot Point S20.9952
Daily Pivot Point S30.9899
Daily Pivot Point R11.0185
Daily Pivot Point R21.0238
Daily Pivot Point R31.0328

Author

Matías Salord

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

More from Matías Salord
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD holds above 1.1750 due to cautious trade before FOMC Minutes

EUR/USD holds ground after four days of little losses, trading around 1.1770 during the Asian hours on Tuesday. The pair remains steady as US Dollar moves little amid market caution ahead of the Federal Open Market Committee December Meeting Minutes due later in the day, which could offer insights into the Federal Reserve’s 2026 outlook.

GBP/USD finds key support near 1.35 despite year-end grind

GBP/USD remains bolstered on the high end as markets grind through the last trading week of the year. Cable caught a bullish tilt to keep price action on the high side of the 1.3500 handle, though year-end holiday volumes are unlikely to see significant progress in either direction as 2025 draws to a close.

Gold gains on Fed rate cut bets, safe-haven demand

Gold price edges higher above $4,350 during the Asian trading hours on Tuesday. The precious metal recovers some lost ground after falling 4.5% in the previous session, which was gold's largest single-day loss since October. Increased margin requirements on gold and silver futures by the Chicago Mercantile Exchange Group, one of the world’s largest trading floors for commodities, prompted widespread profit-taking and portfolio rebalancing.

Solana risks correction within descending wedge as bearish bets rise

Solana hovers above $120 at press time on Tuesday after a nearly 2% decline on Monday. The SOL-focused Exchange Traded Funds see renewed interest after recording their lowest weekly inflow last week.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).