USD/CHF sneaks below 0.9300 after nonfarm payrolls

FXStreet (Córdoba) - USD/CHF fell to fresh daily lows sub-0.9300 immediately after the release of disappointing US jobs data.

The US economy added 142,000 new jobs in August, missing expectations of a 225,000 gain and following a 212,000 rise in July (upwardly revised from 209,000). Meanwhile, the unemployment rate edged lower to 6.1% as expected, from 6.2% the previous month.

As the dollar suffered as the knee-jerk reaction to data, USD/CHF hit a low of 0.9284, although USD weakness was quickly reversed with the pair climbing back to the 0.9310 area, where it trades virtually unchanged on the day.

USD/CHF reached a 1-year high of 0.9335 earlier on the day helped by EUR/USD selloff in the wake of European Central Bank easing measures.

USD/CHF levels to watch

As for technical levels, next supports are seen at 0.9212 (Sept 2 high), 0.9200 (psychological level) and 0.9175 (Sept 4 low). On the flip side, resistances are seen at 0.9335 (2014 high Sept 5), 0.9341 (Sept 13 2013 high) and 0.9371 (Sept 11 2013 high).