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USD/CHF Charges Past 0.8070 on NFP Shockwave – Swissy Crumbles as Bulls Target 0.820.

 

USDCHF holds above 0.8050 after mixed US jobs data. Currently trading at 0.80768, it reached an intraday high of 0.80720.

September 2025 Released at last on November 20, nonfarm payrolls delivered a great upward surprise: 119,000 jobs added versus a consensus of just 50,000, more than doubling expectations and shattering August's dismal 22,000 print, with gains mostly driven by healthcare (+43K) and food services (+37K) despite ongoing decreases in federal employment and transportation. From 4.3%, the unemployment rate climbed to 4.4%; wage growth slowed to +0.2% MoM (missing 0.3%); and participation remained constant, painting a resilient-but-cooling labor market that refuses to collapse. The spectacular headline beat alleviates recession worries, reinforces the soft-landing narrative, and considerably lowers the likelihood of aggressive Fed rate cuts in December, therefore driving the dollar and yields up. 

Technical Analysis Points to Further Bullishness

The pair is trading above the 55-EMA, the 200-EMA, and the 365-EMA on the 4-hour chart, indicating a bullish trend. The immediate resistance is at  0.8090; any break above targets  0.8150/0.82180.

Support Levels and Potential Declines

On the downside, near-term support is around 0.8040; any violation below will drag the pair to 0.8000/0.7965/ 0.7920/0.7865/0.7800.

Indicators (4-hour chart)

CCI (50) - Bullish

Directional Movement Index -  Bullish

Trading Strategy Recommendation

It is good to buy on dips around 0.8060 with SL around 0.8020 for a TP of 0.8150/0.8218.

 

 

 

 

 

 

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