Interest rates in Switzerland

The morning data from the Swiss economy indicate that here too inflation begins to rise. Producer prices and imports year on year increased from -0.6% to 0%. If such data will keep , SNB will begin normalization of monetary policy. The current interest rate in Switzerland is -0.75% and the last move of the bank on the rates was in January 2015.

USDCHF between 1.0000 and trend line

This week USDCHF reached its lowest level in more than two months. Tested was round level 1.0000 which caused a bullish rebound.

From the top on the USDCHF chart is approaching a downward trend line, which is currently in the region of 1.0155. Yesterday the demand was able to break resistance level of 1.0060, and now the price is heading towards the next resistance level at 1.0120. After breaking of the latter will be left only the line of the downtrend.

If, however, again bears comes back to the market and such a move would be consistent with the current trend than first to be broken is new support level of 1.0060. After successful breaking the goal for bears will once again be round level of 1.0000.

Wykres USDCHF dla interwału H1.
USDCHF H1
Wykres USDCHF dla interwału H4.
USDCHF H4
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