Home›Forex›Major Pairs›USDCHF falls on firmer Swiss CPI, but buyers lean agai…

USDCHF falls on firmer Swiss CPI, but buyers lean against the 100 day MA

Reported · Written up by our desk · Major Pairs

The USDCHF moved lower during the European session after Swiss inflation came in stronger than expected. October CPI rose 0.2% versus an unchanged reading expected, while annual inflation increased to 1.5% from 1.0%, above the 1.3% forecast. The firmer data supported the CHF and gave USDCHF sellers another push to the downside. However, the sellers ran into a key technical target. The falling price reached the rising 100 day moving average near 0.81563, just above a swing area between 0.81383 and 0.81513. Buyers leaned against that support and stalled the fall. Sellers ha

More like this

Sources