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Forex pairs in this Article » USD/CHF
FXStreet (Moscow) - USD/CHF showed no moves during Asia sleeping at 0.8980, though USD got more interest after the American session.

USD/CHF may turn to Swiss CPI

The pair was able to stop the recent slide down on Tuesday, and correct to 0.8980 area where it spent the whole morning. Since the new FED chairman was not able to scare the markets, the USD has good potential to regain some of the recently lost positions. Today Swiss CPI numbers are scheduled for release, and if we see sluggish inflationary pressure in the economy, it may become another stimulus to buy the pair. The initial target in this case may be 0.9020 resistance level.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.8970 with support below at 0.8952, 0.8920, and 0.8902, with resistance above at 0.9002, 0.9020, and 0.9052. Hourly Moving Averages are largely bullish, with the 200SMA at 0.9015 and the daily 20EMA bearish at 0.9009. Hourly RSI is neutral at 57.
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