USD/CHF steady as Swiss CPI meets expectations at 0.1% Y/Y

USD/CHF remains unchanged at 0.8650 following the release of Swiss CPI data that came in line with expectations at 0.1% Y/Y. The subdued inflation reading reinforces market expectations that the Swiss National Bank (SNB) will maintain its current monetary policy stance, with neither rate cuts nor hikes anticipated in the near term. Monday's typically light economic calendar leaves traders focusing on technical levels, with USD/CHF consolidating within a narrow 0.8630-0.8670 range. The pair's neutral momentum reflects balanced forces between a stable Swiss franc and a dollar awaiting more significant catalysts later in the week. Immediate support sits at 0.8630 (Friday's low), while resistance at 0.8670 caps upside attempts. Without major economic releases or central bank communications scheduled, USD/CHF is likely to continue range-bound trading, making it suitable for mean-reversion strategies until clearer directional signals emerge.