Resistance 3: Chf1.1570
Resistance 2: Chf1.1480
Resistance 1: Chf1.1420
Current price: Chf1.1355
Support 1: Chf1.1320
Support 2: Chf1.1240
Support 3: Chf1.11700
Comments: USD/CHF is under pressure today ahead of the release of US inflation data. Economists predict PPI fell 0.3% in August after 1.2% rise month earlier. In general, rate holds within the upward channel from Jul 16, limited today by Chf1.1770/Chf1.1570 (key support/resistance respectively). Support is around Chf1.1320, then – at Chf1.1240. Below losses may widen to channel line at Chf1.1170. Above yesterday’s high Chf1.1420 resistance comes at Chf1.1480, then – near channel line on Chf1.1570.