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2 Sep 2015
USD/CHF approaches 0.9700
FXStreet (Córdoba) - USD/CHF pushed higher and printed fresh daily highs as the dollar strengthened following the latest string of US data.
ADP report showed US private sector added 190K new jobs in August (201K expected), while separated data showed Q2 labor productivity picked up, rising 3.3% versus 2.8% of forecast.
The dollar found some buyers and USD/CHF extended gains to a 2-day high of 0.9685 in recent dealings. At time of writing, the pair is trading at 0.9680, recording a 1.05% gain on the day.
USD/CHF levels to watch
In terms of technical levels, next resistances are seen at 0.9689 (Aug 31 high), 0.9718 (Jul 30 high) and 0.9798/0.9800 (Aug 17 high/psychological level). On the other hand, supports could be found at 0.9569 (Sep 2 low), 0.9550 (10-day SMA) and 0.9535 (200-day SMA).
ADP report showed US private sector added 190K new jobs in August (201K expected), while separated data showed Q2 labor productivity picked up, rising 3.3% versus 2.8% of forecast.
The dollar found some buyers and USD/CHF extended gains to a 2-day high of 0.9685 in recent dealings. At time of writing, the pair is trading at 0.9680, recording a 1.05% gain on the day.
USD/CHF levels to watch
In terms of technical levels, next resistances are seen at 0.9689 (Aug 31 high), 0.9718 (Jul 30 high) and 0.9798/0.9800 (Aug 17 high/psychological level). On the other hand, supports could be found at 0.9569 (Sep 2 low), 0.9550 (10-day SMA) and 0.9535 (200-day SMA).