© Dukascopy Bank
"A couple of [FOMC] members indicated that the initiation of additional stimulus could become necessary if the [US] economy lost momentum or if inflation seemed likely to remain below 2%"
- FOMC Meeting Minutes (based on Bloomberg)
Industry outlook
USD/CHF has recovered from 0.9000 and is currently close to 0.9140 (55 day sma). In case the pair manages to hold above 0.9066, it should then continue climbing higher. Additional resistances are at 0.9179 and 0.9263.
Traders' sentiment
Traders' sentiment with respect to USD/CHF is still bullish and unchanged since, as 70% of traders are presently holding long positions.
Long position opened
While trading this pair, investors should pay attention to the immediate resistance level at 0.9139. If the pair manages to go through this level, further resistances are situated at 0.9182 and 0.9250.
Short position opened
Bearish market players will pay attention to a near-term support at 0.9028. The downtrend continuation will establish following targets for traders: S2 at 0.8960 and S3 at 0.8917.
© Dukascopy Bank