USDCHF Chart Technical Outlook develops a corrective ABC structure, bull’s eye 0.9130
USD/CHF broad bias is bullish as the Fed is more hawkish than the SNB lately. The stronger-than-expected US Inflation data supported the USD to stall the decline in the pair, which started early this month.
I expect short-term gains to develop wave B in a corrective structure. Today’s US Consumer Sentiment data will set how far the prices can go.
Resistances: 0.9130, 0.924
Supports: 0.9030, 0.8900