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USD/CHF bounces to 0.9684/88 after US jobless claims

FXstreet.com (Barcelona) - The USD/CHF recently bounced off the 0.9670 handle following the publication of upbeat economic data in the US.

At the time of writing, the pair is now operating at 0.9684/88 – in the United States, Initial Jobless Claims (May 17) came in at 340K, against expectations of 345K, and compared with 360K. In addition, Continuing Jobless Claims (May 11) were reported at 2.912M, beating a projection of 3.000M.

Following a break below the 0.9717 support level earlier, the Mataf.net technical analyst team points to additional measures of support for the USD/CHF at 0.9618 and 0.9558. Conversely, a recovery or paring of recent losses will push the pair towards resistances at 0.9876, then 0.9936, onto 1.0035.

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