These are some reasons which might drive the USD/CHF down:

  1. The chance of next rate cut in the current year has been increasing regarding weak economic indicators for instance weak US core PPI and PPI and weak ISM manufacturing for September. Also, FED’s Evans said on Tuesday: I wouldn’t mind another interest rate cut. In addition, Jerome Powell said on Tuesday: "The Fed will use rate cuts, forward guidance, and QE as appropriate,".

  2. Disappointment over trade talks. US and China make no progress on key trade issues in two days of deputy-level talks - SCMP Sources

  3. Trump impeachment inquiry. Due to the latest news, the white house won’t cooperate with an impeachment inquiry.

  4. Technically, 0.995 is a very important resistance level.

SL: 0.999

TP: 0.973

US

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