USD/CHF makes a temporary reversal after Swiss inflations jumps

Swiss Consumer Price Index (CPI) data released today exceeded expectations at 1.4%, resulting in a turnaround for the Swiss franc against other currencies. The USD/CHF pair experienced a significant drop, indicating a potential downward trend towards the 0.9 level where new support may be established. This movement is believed to be part of wave C in a possible ABC flat formation. Despite the current selling pressure, it is anticipated that the overall trend will eventually resume, possibly in the coming week.

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