Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/CHF trades higher on better than expected ADP jobs data, good to buy on dips

  • USD/CHF jumped more than 50 pips from the yesterday low of 0.98552 after positive U.S economic data. US ADP employment came at 190K in Nov compared to forecast of 186K and manufacturing sector added 40000 jobs highest in 15 years. The pair hits high of 0.99098 yesterday and is currently trading around 0.99104.
     
  • Technically pair is trading well above short term (20- day MA and 50 –day MA) and long term (100 and 200 day) MA. The near term resistance is around 0.9945 and any break above will take the pair to next level till 1.000/1.00380.
     
  • On the lower side, near term support is around 0.9854 (50- day MA) and any break below will drag the pair to next level till 0.9805 (200- day EMA)/0.9770. it should break below 0.9705 for further weakness.

It is good to buy on dips around 0.9895 with SL around 0.9850 for the TP of 1.000/1.0038.

 

 

 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

June 20 23:50 UTC Released

JPForeign Invest JP Stock

Actual

-40.8 Bln JPY

Forecast

Previous

-108.5 Bln JPY

June 20 23:50 UTC Released

JPForeign Bond Investment

Actual

1490.4 Bln JPY

Forecast

Previous

-488.5 Bln JPY

January 31 00:00 UTC 203075203075m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 203075203075m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 214895214895m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 203075203075m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 214895214895m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 203075203075m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 203075203075m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 203075203075m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.