The USD/CHF currency pair might fall in the next period, according to the daily and weekly charts. The price is above EMA 200, and the RSI oscillator is below 50 on the daily chart. The potential target in the medium-long term might be Fibo 0.50 (0.9679) and Fibo 0.38 (0.9561). The weekly chart also indicates a downtrend. The price is above EMA 50, and the RSI oscillator is above 50.
Federal Reserve Chair Jerome "Jay" Powell took steps to reassure financial markets recently. He said that the US central bank would be "patient" about rate rises.
The most important data for this week:
Switzerland CPI MoM (-0.2% expectation); (-0.3% previous)
YoY (+0.8% expectation); (+0.9% previous)
US FOMC minutes
Switzerland Unemployment Rate (+2.4% expectation); (+2.4% previous)
Fed’s Powell to Speak to The Economic Club of Washington
US CPI MoM (-0.1% expectation); (0.0% previous)
YoY (+1.9% expectation); (+2.2% previous)