<\/p>\n
\n Share:<\/span><\/p>\n At the end of the week, the USD\/CHF rose for a fourth consecutive day, near 0.9035, piercing through the 200-day Simple Moving Average (SMA) but then getting rejected by the 20-day average. The pair\u2019s trajectory seems to be the CHF\u2019s weakness, which trades with losses against the USD, EUR,GBP and JPY in Friday\u2019s sessions and was one of the weakest currencies in the session.<\/p>\n On the other hand, the US Dollar<\/a> is also trading soft after key inflation data reported earlier in the session. The U.S. Bureau of Economic Analysis revealed that the Core Personal Consumption Expenditures (PCE) Price Index, the Fed\u2019s preferred gauge of inflation, from September, aligned with the consensus. The figure came in at 3.7% YoY, vs.\u00a0the consensus of 3.7% and decelerated from its previous figure of 3.8%. In addition, The headline PCE Price Index from September came in at 3.4% YoY, vs the expected 3.4% and remained steady regarding its previous figure of 3.4%.\u00a0<\/p>\n Other data reported strong Consumer Sentiment figures released by the University of Michigan (UoM), which came in at 68.3 vs 68. The 5-year inflation expectations from the same university figures didn\u2019t reveal any surprise and stood at 3%.<\/p>\n Elsewhere, the US government bond yields are seen neutral, with some rates<\/a> rising and others declining. The 2-year rate stands at 5.03%, while\u00a0the 5 and 10-year yields are at 4.79% and 4.87%, respectively. In addition, dovish bets on the Federal Reserve (Fed) are still high, and the CME Fed Watch tool indicates that a pause in the next week\u2019s meeting is practically priced in while the odds of a hike in December retreated to 20%. In that sense, the combination of lower US yields and dovish bets on the Fed may limit the upward trajectory of the pair.<\/p>\n Based on the daily chart, the technical outlook<\/a> for USD\/CHF<\/a> remains neutral to bullish as the bulls recovered a significant amount of ground during the week. The Relative Strength Index (RSI) jumped above the 50 middle point, while the Moving Average Convergence (MACD) exhibited decreasing red bars.\u00a0<\/p>\n On the other hand, the pair is below the 20-day Simple Moving Average (SMA), but above the 100 and 200-day SMAs, highlighting the continued dominance of bulls in the broader outlook. However, if the bulls want to continue climbing higher, the 20-day average must be conquered.<\/p>\n Support levels: 0.9000 (200-day SMA), 0.8990, 0.8950.\u00a0<\/p>\n Resistance levels: 0.9035 (20-day SMA), 0.9050, 0.9070.<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Share: The USD\/CHF rose to a two-week high around 0.9035 near the 20-day SMA. The CHF is one\u00a0the worst-performing currencies in the session. The US Dollar is trading soft after PCE figures from September. Hawkish bets on the Fed remain low ahead of next week\u2019s meeting. At the end of the week, the USD\/CHF rose […]<\/p>\n","protected":false},"author":2,"featured_media":23914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,255,250,277,252,247,253,249,597,256,254],"class_list":["post-182601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdchf","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=182601"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182601\/revisions"}],"predecessor-version":[{"id":182603,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182601\/revisions\/182603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/23914"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=182601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=182601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=182601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
USD\/CHF Levels to watch\u00a0<\/h2>\n
USD\/CHF Daily Chart<\/h2>\n<\/p>\n