In Friday's session, the USD/CHF recovered surging above the 0.8965 mark. Strong Nonfarm Payroll data from the US propelled the USD across the board. US Treasury yields increased while the odds of a cut in September by the Fed slightly declined. The USD/CHF pair is seeing a boost after updated Nonfarm Payroll figures from the US were released on Friday, surpassing market expectations.
On the other hand, the SNB embarked on an easing cycle in its March meeting, reducing rates by 25 bps to reach 1.5%. As of now, the market predicts 55% odds for another rate cut happening in the upcoming meeting scheduled for June 20. USD/CHF technical analysis Technically speaking, the pair has recuperated to a more favorable stance, pushing indicators out of the oversold regions.