Swiss PPI decline bearish for USDCHF
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 |