USD/CHF takes a break at 0.9270

Since the FOMC did not deliver any concrete decision about the U.S. monetary policy yesterday, the pair takes a break at a random level at 0.9270, where no supports are located. Most probably the price will deprecate to the weekly S2 at 0.9228 or even the Bollinger band at 0.9204, as USD/CHF is following a bearish trend at the moment. On the other hand, ECB comments might spark some momentum, as the Swiss Franc has high correlation with the Euro.

Bulls control the major share of SWFX market place, since 70% of opened positions are long. Pending orders segment is also bullish, as 67% of orders indicate preferences to buy the U.S. Dollar than the Swiss Franc.