FXstreet.com (Córdoba) - Weighed by weaker-than expected jobs data in the US, USD/CHF retreated from 15-month high of 0.9770 scored last Friday, and recently broke below its post-NFP low at 0.9640 to hit a 5-day low of 0.9633.
At time of writing, USD/CHF is quoting at the 0.9640/50 area, 0.3% below its opening price. From a technical view however, the Kshitij Consultancy Services Team notes that Dollar-Swiss remains bullish. "Immediate Support is seen in 0.9600-570 region. Good chances that this Support itself can hold well this week. The upside is open for a test of 0.9950-75 for this week".
"Also the bigger picture is much more bullish and 1.0100-20 can be targeted on the upside going forward", said the analysts. "On the downside 0.9500 is the next important Support level to be watched below 0.9570. In a bigger picture, 0.9450-00 is a strong Support region".
