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.
|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)|
|0.9875||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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