Investors hope the Fed will loosen its policy as the US economy deteriorates. Business activity fell in the US for a fourth consecutive month. Economists expect Fed hikes to drop to 50bps in December. Today’s USD/CHF price analysis is bearish. The safe-haven US dollar weakened versus the Swiss franc on Tuesday in response to indications that the Federal Reserve’s rate hikes are already slowing down the largest economy in the world. –Are you interested to learn more about ECN brokers? Check our detailed guide- The S&P flash PMI data showed US business activity down for a fourth consecutive month in October. According to economists surveyed by Reuters, rate rises will decrease to 50 basis points in December, reflecting bets in the money markets. Given that it takes several months for any rate change to take effect, Fed officials have started to consider when they should limit the pace of rate hikes. The Fed will probably provide more information at its November 1-2 meeting. Officials are weighing what some view as rising dangers to economic growth against a lack of discernible progress in bringing down inflation from its pandemic-related increase. The Fed is beginning to feel pressure to take a break even as markets predict another sizable increase at the final policy meeting of the year in December. The process of raising interest rates is still ongoing. Still, officials believe they are getting close to the point where they can scale back future rises and possibly come to a complete halt as the economy adjusts. USD/CHF key events today Investors expect the US Conference Board’s (CB) Consumer Confidence report. It gauges how confident consumers are about the state of the economy. Its ability to forecast consumer spending, which significantly impacts total economic activity, makes it a leading economic indicator. Get FREE Forex Signals Now! USD/CHF technical price analysis: Bulls gear up for another attempt after the false-breakout Looking at the 4-hour chart, we see the price trading slightly above the 30-SMA and the RSI above 50, favoring bullish momentum. The price has been consolidating with support at 0.9925 and resistance at 1.0065. Bulls attempted to break above resistance. However, the price was rejected above 1.0065 and pulled back sharply into the range area. –Are you interested to learn more about making money in forex? Check our detailed guide- Bears then pushed the price below the 30-SMA but could not sustain the move lower. If bulls close above the SMA, they will be looking to retest and possibly break above the 1.0065 range resistance. 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 Analysis: Australia’s Inflation Pushing RBA for Hikes Saqib Iqbal 1 month Investors hope the Fed will loosen its policy as the US economy deteriorates. Business activity fell in the US for a fourth consecutive month. Economists expect Fed hikes to drop to 50bps in December. Today's USD/CHF price analysis is bearish. The safe-haven US dollar weakened versus the Swiss franc on Tuesday in response to indications that the Federal Reserve's rate hikes are already slowing down the largest economy in the world. –Are you interested to learn more about ECN brokers? Check our detailed guide- The S&P flash PMI data showed US business activity down for a fourth consecutive month in… 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.