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Forex pairs in this Article » USD/CHF (London) - USD/CHF is much of the same song so far on Tuesday and slightly offered on the US data disappointment.

USD/CHF dropped away form the 0.89 handle when the pair was trading above the pivot in 0.8890 and has so far recorded a low of 0.8866 post US CPI ahead of the low for the session of 0.8856. US CPI year on year printed 1.25 vs a consensus of 1.3%. Karen Jones, Head of FICC Technical Analysis at Commerzbank noted yesterday that failure at 0.8845/20 will introduce scope to the bottom of the channel at 0.8703 but this is not our favoured scenario. “We continue to watch for signs of reversal”.

USD/CHF Levels

The 20 DMA is 0.9021, the 50 DMA is 0 .9053 and the 200 DMA is 0.9291. RSI (14) reads 29.76. Supports are ascending from 0.8766, 0.8839 and 0.8863. Spot is currently 0.8868 while resistances are 0.8900, 0.8918, 0.8941, 0.8957 and 0.8984.
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