USD/CHF Bounces Back Above 0.8100 on Strong US Jobs Data
The USD/CHF currency pair rebounded strongly on Thursday after two days of losses, rising by over 0.60% due to solid US jobs data.
Buyers also stepped in at a key support level at the 50-day Simple Moving Average (SMA) of 0.8052, pushing the pair back above the 0.8100 threshold.
The technical outlook for USD/CHF remains bullish, with an uptrend intact and higher highs and higher lows continuing to be respected.
Momentum indicators also show that buyers are in control, as the Relative Strength Index (RSI) crosses above its 50-neutral level.
Looking ahead, the pair faces key resistance at 0.8150, with a move towards 0.8200 possible if breached.