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TheWallPipsJournal

USD Strenghtening Due To Declining Jobless Claims

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
TheWallPipsJournal  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Trend Lines USDCHF Forex forexsignals forexanalysis forextrader forextrading USD chf
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trendanalysis trendline usdchf forex forexsignals forexanalysis forextrader forextrading usd chf
Fundamental Info: Today it was reported that there is a decline in the numbers of Initial Jobless Claims and Continuous Jobless Claims of US which are totally a good trend for the job market of the country. If the trend persists, we can expect the Fed to have more hawkish on interest rate comments in the future.

Technical Analysis: Based on 4H Chart, USDCHF is now actually running on the uptrend line. A recent good job market report could continue the trend.
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