USD/CHF Bulls Reclaim 0.8100 After Bouncing Off 50-Day SMA
The USD/CHF pair rose over 0.60% on Thursday, snapping a two-day losing streak, as strong US jobs data and support at the 50-day SMA fueled a recovery above 0.8100.
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The USD/CHF gained more than 0.60% on Thursday, reversing two days of declines. Solid US employment data provided a tailwind for the greenback.
Buyers stepped in at the 50-day Simple Moving Average (SMA) of 0.8052, a key support level that held. The bounce propelled the pair back above the 0.8100 handle.
Source: FXStreet Forex News