FxWirePro: CHF under pressure, risk of adjustment high on US payroll data

• USD/CHF continues to probe rising channel top, lack of daily close above could see some pressure on downside
  
  
• Risk of adjustment on NFPs is high, should data boost CHF may weaken across crosses
  
  
• Pressure rising on SNB to ease policy, evidence of SNB's increasing intervention surfaces 
  
  
• The pair is currently trading at 0.9829, with next hurdle at 0.9848 (Daily High Aug 6) and supported at 0.9768 (Daily Low Aug 6)
  
  

Resistance Levels:

R1: 0.9848 (Daily High Aug 6)

R2: 0.9862 (Daily High Apr 13)

R3: 0.9879 (76.4% of 1.0128-0.9072)

Support Levels:

S1: 0.9768 (Daily Low Aug 6)

S2: 0.9760 (Daily Low Aug 5)

S3: 0.9738 (100-HMA)