USDCHF Bulls Charge Ahead: ADP Jobs Rebound Fuels Fed Rally to 0.81

USDCHF trades higher ahead of the Fed's monetary policy. Currently trading at 0.80678, it reached an intraday high of 0.80823.

ADP's latest weekly NER Pulse, released today, reveals U.S. private payrolls shifting from losses exceeding 10,000 jobs per week—especially among small firms—to modest gains of 4,750 jobs per week over the four weeks ending 22 November 2025, signaling labor market stabilization after November's full-month drop of 32,000 jobs. This high-frequency data eases recession fears sparked by the prior report, with ADP noting cooler but steady labor demand consistent with gradual softening rather than collapse, as small businesses halt mass layoffs. Markets view it as a relief for risk assets, tempering bets on aggressive Fed cuts while supporting cautious easing amid slowing wage growth, reinforcing a soft-landing outlook ahead of the December Fed meeting.

Technical Analysis Points to Further Bullishness

The pair is trading above  the 55-EMA,the 200-EMA, and 365 EMA on the 4-hour chart, indicating a bullish trend. The immediate resistance is at  0.8090; any break above targets  0.8105/0.8150/0.82180.

Support Levels and Potential Declines

On the downside, near-term support is around 0.8020; any violation below will drag the pair to 0.799/0.7965/ 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 0.8028-30 with SL around 0.7990 for a TP of 0.8105/0.8150.