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Forex pairs in this Article » USD/CHF (Barcelona) - With just a couple of hours until the release of Swiss inflation data, the USD/CHF is lifting nicely and portending either low inflation in Switzerland or a bullish set of US data later in the session.

USD/CHF traders to key on Swiss data sooner and US data later

USD/CHF traders will be watching the numbers and the reaction to the numbers when the Swiss CPI data is released at 08:15 GMT. Later, in the US, the US ISM Manufacturing PMI will be released as well.

Technical outlook for USD/CHF

Technicians say the USD/CHF is in bounce mode with a possible ceiling coming into play at Monday’s US session pivot high at 0.9134 with additional resistance coming in at 0.9151. The horizontal line at 0.9044 is the short-term support and is backed up by an additional horizontal line at 0.9007.
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