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Forex: USD/CHF hits 6-month high

The US dollar has extended gains across the board on Thursday as market sentiment deteriorated on weak European data and also benefited by better-than-expected US jobless claims. Against the Swissy, the USD advanced toward a fresh 6-month high during the American session, after the SNB decided to keep policy unchanged.

USD/CHF pushed above post-NFP highs and printed a fresh 6-month peak of 0.9566 before easing a tad. At time of writing, USD/CHF is trading around 0.9550/55, recording a 0.3% gain on the day.

As for technical levels, if USD/CHF rises above 0.9565, next resistances are seen at 0.9600 (psychological level), and 0.9635 (Aug 28 high). On the downside, supports are seen at 0.9530 (intraday level) and 0.9500 (psychological level).

Forex: EUR/USD with low at 1.2912, bouncing after improved US data

The EUR/USD has gone as low as 1.2912 as the market prepared for the load of US data at 12:30 GMT. Both current account and jobless claims improved more than expected.
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Forex: USD/JPY slightly off intraday maximum at 96.44/46

The USD/JPY is trading just off its session highs Thursday (96.61) at the onset of American trading. On the heels of more upbeat US data, coupled with previous figures, the US economy looks to be on the rebound. This in turn has driven up the USD, which now trades at 96.44/46 against the JPY. In these moments the pair has secured an advance of +0.37% above its opening, en route to broken resistance.
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