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USD/CHF made an attack at 0.9360 with a help of Swiss data

FXStreet (Moscow) - USD/CHF opened the day at 0.9319, and moved up step by step, until Swiss data triggered the spike above 0.9360 area.

SNB in focus

The pair peaked on September,9, and has been drifting lower since that time. However, the attempts to go back to 0.94 area are not ruled out, if the forecasts on the possible Swiss National Bank’s rate cut come true. The just released PPI data proved the deflationary pressure in the economy (-0.2% m/m, -1.2% y/y) is evolving. And it may be another argument in favor of easing, besides the recent ultra-dovish steps of the ECB . If the SNB shows some steps in the same direction, the initial target to the upside may be found at 0.9411.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9340 with support below at 0.9311, 0.9290 and 0.9261, with resistance above at 0.9361, 0.9390, and 0.9411. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.9308 and the daily 20EMA bullish at 0.9235. Hourly RSI is bullish at 53.

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