USD/CHF: Switzerland’s consumer price inflation advanced as expected in September


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CHF and closed at 0.9784.

In economic news, Switzerland’s consumer price index (CPI) registered a rise of 0.2% on MoM in September, at par with market expectations. The CPI had registered a flat reading in the previous month.

In the Asian session, at GMT0300, the pair is trading at 0.9791, with the USD trading 0.07% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9757, and a fall through could take it to the next support level of 0.9724. The pair is expected to find its first resistance at 0.9810, and a rise through could take it to the next resistance level of 0.9830.

Amid a lack of macroeconomic releases in Switzerland today, investors will focus on Switzerland’s unemployment rate for September, the sole important release next week.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

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