In the U.S., CPI remained at 2.7% y/y (below 2.8% forecast), while the monthly print eased from 0.3% to 0.2%. However, PPI surged to 0.9% m/m from 0.0%, well above expectations, with core PPI also at 0.9%. This mix reinforces the view that the Fed will keep rates higher for longer. Despite this, the USD Index closed last week lower, reflecting strong institutional interest in selling USD/CHF.

Support and Resistance Levels

Resistance: 0.8150, 0.8250, 0.8440

Support: 0.8036, 0.7897, 0.7822

Trading Scenarios

Base Case: Short positions from 0.8150 targeting 0.8036, with stop-loss at 0.8200. Time horizon: 9–12 days.

Alternative Case: Long positions above 0.8200 targeting 0.8325, with stop-loss at 0.8142.

Scenario

  • Timeframe: Weekly
  • Recommendation: SELL LIMIT
  • Entry Point: 0.8150
  • Take Profit: 0.8036
  • Stop Loss: 0.8200
  • Key Levels: 0.7822, 0.7897, 0.8036, 0.8150, 0.8250, 0.8440

Alternative Scenario

  • Recommendation: BUY STOP
  • Entry Point: 0.8200
  • Take Profit: 0.8325
  • Stop Loss: 0.8142
  • Key Levels: 0.7822, 0.7897, 0.8036, 0.8150, 0.8250, 0.8440