USDCHF may benefit in the short term and rise further

Today the market was expecting the PCE data.
As we saw they came in above expectations and in line with the previous month

US Core PCE inflation holds steady at 2.8% vs. 2.6% expected

The high expectations related to the inflation rate are rising the assumptions that the FED may keep the rates unchanged for a longer period. This is boosting the USD in the short term.

From our previous analysis the first target was reached again for the second time.

Thank you!

Trade closed: target reached:

USDCHF - all targets reached:)