The USD/CHF was subdued on Thursday, yet minimal losses of 0.06% were printed following the release of the softer US producer inflation report.
USD/CHF holds near 0.8939, minimal losses despite weaker US producer inflation data. Technical outlook: Pair remains neutral to upward biased, consolidating around the 200-DMA at 0.8896. Key levels: Support at 0.8800 and 0.8729; resistance at June 11 high of 0.8993 and 50-DMA at 0.9069. The Greenback’s losses were capped by the Federal Reserve’s decision to hold rates and project one rate cut, as the disinflation process had stalled. The pair trades at 0.8939 at the time of writing.
8800 figure, followed by the March 8 cycle low of 0.8729. Conversely. If USD/CHF pushes back above the June 11 high of 0.8993, that would exacerbate a rally past the 0.9000 figure. The next resistance level would be the 50-DMA at 0.9069. USD/CHF Price Action – Daily Chart USD/CHF Overview Today last price 0.894 Today Daily Change -0.0004 Today Daily Change % -0.04 Today daily open 0.8944 Trends Daily SMA20 0.904 Daily SMA50 0.9074 Daily SMA100 0.8948 Daily SMA200 0.
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