On Thursday USD/CHF keeps a flat dynamic with a small advantage of buyers and trades near the mark 0.9990.
Trading activity on forex market is low, as investors do not hurry with new positions, waiting for the release of the US inflation report (12:30 GMT). A decline in inflationary pressure is expected, which is unlikely to undo the Fed's hawkish course. The previous day's minutes of the September meeting showed that the vast majority of FOMC members believe the current regulatory policy is not sufficiently effective in the fight against rising inflation and insist on a transition to a more aggressive course.
There is a consensus in the FOMC that policy easing is more dangerous for the United States economy than a sharp interest rate hike, especially since the recent labor market report did not signal any problems in the economy.
USD/CHF Technical analysis
On the daily chart, the Bollinger Band indicator is in a flat.
MACD indicator remains in the positive range.
The oscillator stochastic from above has broken through the overbought area boundary - the 80% level and is going down.
We will buy the pair if it fixes above the parity level of 1.0000. The nearest target is 1.0100. We will place a stop loss at 0.9948.
In case of fixation of the pair below 0.9948 we will consider an entrance in sales with a target point of 0.9868. Stop-loss will be set near 1.0000.
If you are interested in USD/CHF analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest USD/CHF forecasts and signals contain support and resistance levels, as well as stop-loss levels.