According to the Swiss Federal Statistical Office, the increase in PPI and import prices was much higher than expected. The prices increased by 0.8% against 0.2% (the forecast).
According to the Department of Masterforex-V Trading System , the Swiss Franc keeps depreciating against the US Dollar. USDCHF is forming an upswing – wave A/B of Daily2. At this point, the price is forming sub-wave С(С) or 3(С). The closest levels of resistance are 0.9364/67, 0.9420/21. A break below the MF sloping channel and pivot 0 .9139 will indicate the end of the current upswing.
