USDCHF: Traded lower, to 0.9841
|USDCHF: 0.9852
US$Chf has traded lower, to 0.9841, following the FOMC, and looks heavy heading into Thursday trade ahead of today’s SNB Meeting.
1 hour/4 hour indicators: Turning lower
Daily Indicators: Neutral
Weekly Indicators: Neutral
Preferred Strategy: Although the dailies are now neutral, the short term charts are pointing lower and a test of 0.9800/0.9790 could be on the cards, below which could see a run to 0.9775. Wait for the CB meetings and go with the flow.
| Resistance | Support | ||
| 0.9965 | (76.4% of 0.1137/0.9816) | 0.9841 | Session low |
| 0.9950 | Minor | 0.9835 | 100 WMA /5 Dec low |
| 0.9935 | 11 Dec high /12 Dec high | 0.9827 | (61.8% of 0.9742/0.9977) |
| 0.9895 | 200 HMA | 0.9800 | Minor |
| 0.9875 | Minor | 0.9790 | (76.4% of 0.9742/0.9977) |
Economic data highlights will include:
SNB Interest Rate Decision, Press Conference
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