USD/CHF stays in tight range above 0.98 as markets ignore US CPI data

  • Annual core CPI stays unchanged at 2.2% in December in the U.S.
  • S&P futures point to a negative start to the day.
  • US Dollar Index stays in red below 95.50.

Following yesterday’s decisive upsurge, the USD/CHF pair struggles to find direction on Friday. With the latest data from the U.S. coming in line with experts’ estimates, the pair stays in its daily range and was last seen down 0.28% on the day at 0.9820.

According to the U.S. Bureau of Labor Statistics, the CPI declined 0.1% on a monthly basis in December. The Core CPI, which strips volatile food and energy prices, rose 0.2% and 2.2% on a monthly and yearly basis, respectively, to match November’s reading and analysts’ estimates. After losing its momentum near 95.50, the US Dollar Index slipped back into the negative territory and the inflation data failed to provide a catalyst. At the moment, the DXY is down 0.25% on the day at 95.33.

There won’t be any other macroeconomic data releases in the remainder of the day and markets will be paying close attention to Wall Street, which points to a negative opening amid a 0.3% fall witnessed in the S&P 500 Futures.

Despite yesterday’s sharp rebound, however, the pair remains on track to close the week in the negative territory for the third time in the last four weeks.

Key technical levels


    Today Last Price: 0.982
    Today Daily change: -28 pips
    Today Daily change %: -0.284%
    Today Daily Open: 0.9848
    Previous Daily SMA20: 0.9875
    Previous Daily SMA50: 0.9943
    Previous Daily SMA100: 0.988
    Previous Daily SMA200: 0.9887
    Previous Daily High: 0.985
    Previous Daily Low: 0.9716
    Previous Weekly High: 0.9921
    Previous Weekly Low: 0.9796
    Previous Monthly High: 1.0009
    Previous Monthly Low: 0.979
    Previous Daily Fibonacci 38.2%: 0.9799
    Previous Daily Fibonacci 61.8%: 0.9767
    Previous Daily Pivot Point S1: 0.9759
    Previous Daily Pivot Point S2: 0.9671
    Previous Daily Pivot Point S3: 0.9625
    Previous Daily Pivot Point R1: 0.9893
    Previous Daily Pivot Point R2: 0.9939
    Previous Daily Pivot Point R3: 1.0027


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