
USD/CHF is fast approaching a potential resistance zone ahead of the release of closely watched U.S. labor data.
Will the pair extend its trend in the next few days?
If you missed last week’s FX recap, you should know that the U.S. dollar regained some pips after positive U.S. reports eased concerns about a “hard landing” or even a recession in the U.S.
On the other hand, the safe haven Swiss franc was knocked lower by improved risk appetite when Middle East tensions didn’t escalate and when economic reports eased global growth concerns.
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