FX Watch: USD/CHF Potential Retracement Levels This Week NFP

USD/CHF is quickly approaching a potential resistance zone ahead of the release of closely watched US labor data. Will the pair extend its trend in the coming days? If you missed last week’s currency recap, you should know that the US Dollar has regained some ground after positive US reports eased concerns about a “hard landing” or even a US recession. On the other hand, the Swiss franc was low. by increasing risk appetite when tensions in the Middle East did not escalate and when economic reports eased concerns about global growth.