USDCHF Analysis: Switzerland’s Producer and Import Price Index fell in September

October 15, 2019

By IFCMarkets

Switzerland’s Producer and Import Price Index fell in September more than expected. Will the USDCHF decline?

The price chart on 1-hour timeframe shows USDCHF: H1 is in uptrend. The price is above the 200-period moving average MA(200) which is level. The RSI is above 50 level but has not reached the overbought zone.

Technical Analysis Summary

Order Buy
Buy stop Above 0.9991
Stop loss Below 0.9971

Market Analysis provided by IFCMarkets