The USD/CHF pair faced some selling pressure after printing a four-day high near the psychological resistance of 0.9000 in the European session. The S
USD/CHF finds offers near 0.9000 as focus shifts to US GDP data. The upbeat GDP report would impact the decision-making of Fed policymakers for the November meet. USD/CHF delivered a bullish reversal after a breakout of the Inverse H&S chart pattern. wiss Franc asset corrected gradually as the US Dollar struggled for upside ahead of the US Q3 Gross Domestic Product data, which will be published at 12:30 GMT. Analysts at Wells Fargo have forecasted the real GDP to expand at a 5.
The Swiss franc asset has reached to near the horizontal resistance plotted from October 19 high plotted around 0.9000. Upward-sloping 20-period Exponential Moving Average indicates that the near-term trend is bullish. The Relative Strength Index trades in the bullish range of 60.00-80.00, which warrants more upside ahead. A fresh upside would appear if the Swiss Franc asset deliversa confident break above the psychological resistance of 0.9000.
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