USDCHF gained above 0.8000 after mixed US jobs data. It touched an intraday high of 0.80175 and is now trading at 0.80157.
The U.S. Bureau of Labor Statistics reported a modest +50,000 non-farm payroll jobs added in December 2025 on January 9, 2026, reflecting continued labor market cooling amid normalizing distortions from the prior federal government shutdown and significant downward revisions to earlier months. Gains were concentrated in resilient sectors such as food services and drinking places, health care (+21,000, aligning with a 2025 monthly average of around 34,000), and social assistance (+17,000), while retail trade shed 25,000 jobs due to seasonal and broader caution. Average hourly earnings increased 0.3% month-over-month with year-over-year growth around 3.8%, and the unemployment rate edged lower to 4.4%, indicating employer hesitation driven by President Trump's tariffs, AI advancements, and economic uncertainties, which is likely to moderate expectations for Federal Reserve rate cuts in 2026.
Technical Analysis Points to Further Bullishness
The pair is trading above the 55-EMA,200-EMA, and 365 EMA on the 4-hour chart, indicating a bullish trend. The immediate resistance is at 0.80350; any break above targets 0.8070/0.8090/0.8150/0.82180.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7965; any violation below will drag the pair to 0.7920/0.7860/0.7800/0.7770.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional Movement Index - Neutral
Trading Strategy Recommendation
It is good to buy on dips around 0.8000 with SL around 0.7965 for a TP of 0.8090/0.8148.
