USD/CHF trims gains around 0.9740

The greenback has now accelerated its downside, dragging USD/CHF to the area of 0.9740 ahead of NFP.

USD/CHF unchanged ahead of Payrolls

The pair is clinching its third consecutive session with gains so far today, although it still finds a tough resistance around 0.9750. Anyway, spot keeps trimming part of last week’s 3-cent sell-off from peaks in the mid-0.9900s.

Ahead in the session, US Non-farm Payrolls are due, with consensus expecting the economy to have added 180K jobs during last month. The jobless rate is seen at 4.8% during the same period, down from 4.9%.

USD/CHF key levels

The pair is now gaining 0.01% at 0.9740 facing the next resistance at 0.9756 (high Aug.4) ahead of 0.9859 (200-day sma) and then 0.9956 (high Jul.27). On the other hand, a breach of 0.9628 (low Aug.2) would expose 0.9617 (low Jun.23) and finally 0.9440 (2016 low May 3).