Investors expect the Federal Reserve to raise rates by 75 basis points. Annual inflation in the US is expected to drop from 9.1% to 8.7%. The price has paused at 0.95432, a critical support level. The USD/CHF forecast remains positive as bulls emerge in the wake of US inflation data. According to traders in Fed funds futures, the Fed funds rate is expected to increase by 75 basis points again in September and will go from 2.33 percent to 3.65 percent by March. –Are you interested to learn more about day trading brokers? Check our detailed guide- “We see inflation staying above the Fed’s 2% target through next year,” BlackRock Investment Institute strategists wrote in a note on Monday. “We think the Fed will keep responding to calls to tame inflation until it acknowledges how that would stall growth.” Markets are anticipating the release on Wednesday of July’s US inflation statistics. According to Reuters’ survey of analysts, annual inflation will have decreased from 9.1 percent in June to 8.7 percent in July. “The US dollar has been supported by the combination of stronger US economic data releases and hawkish comments from regional Fed presidents. They have encouraged market participants to push back expectations for a dovish policy pivot from Fed,” MUFG currency analysts Derek Halpenny and Lee Hardman said in a note to clients. According to Tim Graf, head of EMEA macro strategy at State Street, high inflation along with Friday’s labor market reading may cause the market to fully price in 75 basis points of Fed rates for September. USD/CHF key events today Investors are awaiting the nonfarm productivity data from the United States. Nonfarm Productivity measures the annualized change in labor productivity for producing goods and services outside agriculture. Productivity and labor-related inflation are closely associated; a decline in worker productivity corresponds to an increase in their pay. Get FREE Forex Signals Now! USD/CHF technical forecast: Bears need to break below 0.95432 to head lower The 4-hour chart shows the price trading between the 0.96502 resistance and 0.95432 support levels. It has broken below the 30-SMA showing bears have taken over. However, they are currently facing strong support at 0.95432. The RSI supports bearish momentum as it trades below 50. -Are you looking for the best CFD broker? Check our detailed guide- If this support level holds, the bulls might come to retest resistance at 0.96502. If bears can break below the support level, we will see the price falling and retest the August 1 support at 0.94820. Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Majors share Read Next AUD/USD Price Halts Rally by 0.70 Ahead of US Inflation Data Olimpiu Tuns 2 months Investors expect the Federal Reserve to raise rates by 75 basis points. Annual inflation in the US is expected to drop from 9.1% to 8.7%. The price has paused at 0.95432, a critical support level. The USD/CHF forecast remains positive as bulls emerge in the wake of US inflation data. According to traders in Fed funds futures, the Fed funds rate is expected to increase by 75 basis points again in September and will go from 2.33 percent to 3.65 percent by March. –Are you interested to learn more about day trading brokers? Check our detailed guide- "We see inflation… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.