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FxWirePro- Woodies pivot (Major) 
USDCHF pared most of its gains on the weak US dollar. The US economy added 261000 jobs in Oct, above the estimate of 197K. But the jump in the unemployment rate has dragged the US dollar index down. It hits a low of 0.99297 and is currently trading around 0.99581.
The US 2-year yield jumped to the highest level since Jul 2007. The US 10 and 2-year spread narrowed to -52 basis points from -67 bpbs.
According to the CME Fed watch tool, the probability of a 50 bpbs rate hike in Dec increased 61.5% from 48.2% a week ago.
Technically in the 4-hour chart, the pair is holding below short-term (21 and 55 EMA) and above long-term 200 EMA (0.99205). Any break below 0.9920 confirms further bearishness, a dip to 0.9840/0.9800 is possible.
The near-term resistance is around 1.000 and any breach above targets 1.00350/1.00750/1.0150. Significant trend continuation only if it breaks 1.0150.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Neutral
It is good to sell on rallies around 1.000 with SL around 1.00350 for the TP of 0.9900/0.9845.
