ANALYSIS
NQ100 Finds Support from PPIApr 14
0.95 Support Will Be Determinant in USDCHF
As the US inflation exceeded market expectations of %8.1 in August with %8.3, the US 10-years, which reached %3.47, complicates the recovery efforts of developed country currencies. In addition, the signs of stability in the stock markets weaken the Swiss franc as a safe harbor. From a technical point of view, it is quite clear that the intermediate upward trend is maintained. In the parity, where the outlook will remain upward unless the psychological 0.9500 level is terminated below, exceeding the 0.9630 resistance may make it possible to reach the 0.9790 level indicated by the Fibonacci %61.8 expansion line above 0.9705. 0.9425 support can be followed in case of possible sagging below 0.9500.
