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Forex: USD/CHF tumbles to 0.9327/28 following March US payrolls

FXstreet.com (Barcelona) - The USD/CHF has taken a nosedive at the onset of US trading Friday, following the aftermath of the US economic data release. After surrendering the 0.9400 level, the pair has now fallen to the depths of 0.9327/28, down a sizable -0.77%.

In the United States, the Nonfarm Payrolls (March) were reported at 88K, against expectations of 200k. Meanwhile, the Unemployment Rate (March) came in at just 7.6%, beating consensus estimates of 7.7%

After falling below the 0.9342 support, Mataf.net analysts point to additional corrective measures of support at 0.9290, and 0.9197. Regarding a paring of gains, resistances for the USD/CHF will activate should the pair reach 0.9580 onto 0.9632.

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