# NFP Setup: USD/CHF Retest (August 2, 2013) Source: https://www.tradersway.com/resources/market-info/nfp-setup-usd-chf-retest-august-2-2013/ Language: en Updated: 2013-08-02 Description: Explore NFP Setup: USD/CHF Retest (August 2, 2013). Dollar strength. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. Dollar strength is still persistent, as USD/CHF already broke above the falling trend line on its 1-hour time frame. This suggests that a new trend is about to form, but that price might pull back first before heading any higher. Using the Fibonacci retracement tool on the USD/CHF 1-hour chart shows that the Fibs are in line with the broken trend line. In particular, the 38.2% Fib level is in line with an area of interest, which has acted as support or resistance in the past. ![NFP Setup: USD/CHF Retest (August 2, 2013)] Stochastic is in the overbought region for now, suggesting that the dollar bulls are running out of steam. Strong US NFP figures could revive the dollar rally later on though. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/nfp-setup-usd-chf-retest-august-2-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/nfp-setup-usd-chf-retest-august-2-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/nfp-setup-usd-chf-retest-august-2-2013/", "headline": "NFP Setup: USD/CHF Retest (August 2, 2013)", "inLanguage": "en", "datePublished": "2013-08-02T11:12:46+00:00", "dateModified": "2013-08-02T11:12:46+00:00", "articleSection": "Market Info", "description": "Explore NFP Setup: USD/CHF Retest (August 2, 2013). Dollar strength. 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