|
Metric |
May-25 |
April 2025 (revised) |
Consensus (May) |
|
PPI Final Demand (MoM) |
0.10% |
-0.20% |
0.20% |
|
PPI Final Demand (YoY) |
2.60% |
2.50% |
— |
|
Core PPI (less foods, energy, trade) |
0.10% |
-0.10% |
— |
|
Core PPI (less foods, energy, trade, YoY) |
2.70% |
— |
— |
USDCHF trades weak after weak US PPI data. It hits an intraday low of 0.8101 and is currently trading around 0.81345. Intraday bias appears to be bearish as long as the resistance 0.8180 holds.
Technical Analysis Points to Further Upside
The pair is trading below the 55-EMA, below 200 EMA and 365 EMA on the 4-hour chart indicates a mixed trend. The immediate resistance is at 0.8150 any break above targets 0.8180/0.8200/0.8250.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8090, any violation below will drag the pair to 0.8000.
Indicators (4-Hour)
CCI (50) - Bearish
Directional movement Index - Bearish
Trading Strategy Recommendation
It is good to sell on rallies around 0.8178-80 with a stop-loss at 0.8220 for a TP of 0.8000.
