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USD/CHF holds near 0.8110 as CPI outlook supports the dollar
The pair is trading around 0.8113, keeping upside capped while it stays above the 50-day SMA ahead of Wednesday’s US CPI release.
USD/CHF is trading with a mildly positive bias as the US dollar consolidates gains ahead of Wednesday’s US Consumer Price Index data, FXStreet reports. The pair is around 0.8113, extending gains for a second straight day.
Technically, USD/CHF has stabilized above its 50-day simple moving average, while price action remains under the 21-day SMA at 0.8112, which FXStreet says is limiting further upside. The 100-day SMA at 0.7968 is cited as a support level supporting the recovery structure.
FXStreet also points to mixed momentum signals, with the relative strength index near 52 indicating balanced conditions after earlier cooling from overbought levels. The moving average convergence divergence remains in negative territory, suggesting upside momentum has weakened.
In the outlook, FXStreet says a sustained break above the 21-day SMA could open the door to 0.8150 and then the 0.8200 psychological level. On the downside, a move below the 50-day SMA could expose 0.8000, with further weakness potentially bringing the 100-day SMA at 0.7968 and support near 0.7900 into focus.