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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