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USD/CHF pauses ahead of 0.9800

FXStreet (Córdoba) - USD/CHF extended gains on Thursday, climbing to fresh 3-day highs before finding resistance at the beginning of the New York session.

USD/CHF reached a peak of 0.9788 before retreating slightly to currently trade around 0.9775, still up 0.46% on the day. Focus now turns to September ISM manufacturing index later on the session, with expectations at 50.6 versus 51.1 the previous month, ahead of tomorrow’s nonfarm payrolls report.

USD/CHF technical levels

In terms of technical levels, next resistances line up at 0.9800 (psychological level) and 0.9815 (Sep 28 high). On the flip side, supports could be found at 0.9725 (Oct 1 low), 0.9706 (Sep 30 low) and 0.9696 (50-day SMA).

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