FOMC a go. The pair moves above the 100 hour MA
The CPI data came in right on expectations. With the Ex food and energy at 2.0% that will be enough for the Fed lift off. As a result, the USD is a bit better bid.
THe USDCHF from a technical perspective has moved above the 100 hour MA at the 0.9853 level. That is now risk. This is the first look above the 100 hour MA since the ECB Thursday when the pair got hammered.