Bulls pushes USD/CHF up

usdchf

The USD/CHF cross extends its recover during European session, after having touched the 0,9770 support, and at the time of writing is traded @ 0,9786 making a slightly positive performance of 0,13%.

The attempt to recover the 0,98 level is powered by a renewed USD demand pushed by the Bulls which seen favorably Friday’s Fed statement on the US employment situation and which seem to renew the risk sentiment on the market. With this in mind, the Dollar Index moved up 0,19% gaining the 96,70 level.

The Swiss Franc, from its part, seem to remain impassive to the Swiss employment data, and this behavior fueled the bullish tone of the USD/CHF. The unemployment rate, however, remains unchanged @ 3,2% as expected.

usdchf-10oct

To keep an eye on, regarding the Greenback, will be this week’s Fed spokesman speeches, FOMC minutes and US retail sales data.

Looking at the chart we can find the next resistance @ 0,9850 followed by the 0,9900 one. To the opposite side, the first significant support is located @ 0,9757, the 200-DMA.

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