USDCHF: Neutral

USDCHF: 0.9754

Preferred Strategy:  US$Chf has had a choppy session while waiting on the US CPI, due later today.  The charts are mixed but in the medium term, as before, I still like the dollar higher, looking for a return towards 0.9800 and eventually for a run towards parity although it will take a decent CPI figure to see us make any headway. A close above the 200-DMA (0.9850) would help extend the uptrend – patience may be required! Wait for the CPI but prefer to be long rather than short.

24 Hour: Neutral   Medium Term: Prefer to buy dips  
Resistance   Support  
0.9850 200 WMA 0.9755 Session high
0.9835 200 DMA/(61.8% of 1.0099/0.9420) /6 Oct high 0.9711/10 Session low/4 Oct low
0.9807 9 Oct high 0.9685 Minor
0.9789 10 Oct high 0.9676 2 Oct low (38.2% of 0.9420/0.9836)
0.9763 Session high 0.9642 25 Sept low




All content on this website, (FX Charts PL) is a personal view only and offers absolutely no guarantee as to the correctness or otherwise of that opinion. The content here is of a “general nature” only and does not constitute personal or investment advice. The FX Charts website is not an inducement to trade Foreign Exchange (FX). No liability whatsoever is accepted for any loss or damage that may result, directly or indirectly, from any , comment, opinion, information or omission, whether negligent or otherwise, within the FX Charts Website. The information and any opinion or outlook expressed in this commentary may be based on assumptions or market conditions and may be liable change at any time, without notice.