The Swiss CPI information got here out stronger than anticipated 0.6% versus 0.5% anticipated. Regardless of that, the USDCHF after an preliminary dip, reversed again to the upside and has traded two new session highs within the early US session (decrease CHF).
In doing so, the worth prolonged again above its 200-day shifting common at 0.88354 tilting the technical bias extra to the upside. That shifting common will now be the shut barometer for consumers and sellers. Staying above is extra bullish. Shifting again under shifts the bias again to the draw back (bearish).
