USD/CHF dips to lows post-CPI

By FXStreet FXStreet (Edinburgh) – The greenback is now losing the grip vs. the Swiss franc, relegating USD/CHF to lower band of the range around 09740.

USD/CHF a tad weaker after CPI figures

The pair has lost upside momentum after Swiss domestic consumer prices rose at a monthly pace of 0.1% during September, matching previous estimates and reverting at the same time August’s 0.2% contraction; over the last twelve months, prices have contracted 1.4%, in line with consensus.

Nothing else from the Swiss docket today, with the focus shifting to US trade balance figures and the speech by FOMC’s Williams due later today.

USD/CHF levels to consider

As of writing the pair is losing 0.13% at 0.9742 facing the next support at 0.9684 (55d-ema) followed by 0.9645 (low Oct.2) and finally 0.9600 (psychological level). On the other hand, a breakout of 0.9767 (high Oct.5) would aim for 0.9843 (September high) and then 0.9903 (multi-month tops Aug.11).
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Source:: FX Street