The USD/CHF pair is still trading below the 50-day Simple Moving Average (SMA) resistance level around 0.8540 as it awaits the release of the US Nonfarm Payrolls (NFP) data. The pair’s inability to break above this key level indicates a bearish trend in the market. Traders are closely watching the NFP data for insights into the US economy, which could impact the direction of the USD/CHF pair.