31 Jul 2013
USD/CHF clawing its way back to 0.9300 post FOMC
FXstreet.com (New York) - The USD/CHF foreign exchange rate once is grinding higher, following a recent bounce off the 0.9270 region Wednesday on the heels of the FOMC.
USD/CHF technical bias
In these moments, the USD/CHF has managed to move back towards the 0.9280 level, still down -0.22% off its opening despite the recovery attempt. Technically speaking, supportive means will still activate for the USD/CHF at 0.9271 (previous bounce), ahead of 0.9236 (session low), and finally 0.9222, notes the Mataf.net analyst team.
In the United States, the highly anticipated FOMC interest rate decision came in at +0.25%, matching widespread expectations. Moreover, the FOMC reiterated, “The Committee will closely monitor incoming information on economic and financial developments in coming months. The Committee will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as appropriate, until the outlook for the labor market has improved substantially in a context of price stability.”
USD/CHF technical bias
In these moments, the USD/CHF has managed to move back towards the 0.9280 level, still down -0.22% off its opening despite the recovery attempt. Technically speaking, supportive means will still activate for the USD/CHF at 0.9271 (previous bounce), ahead of 0.9236 (session low), and finally 0.9222, notes the Mataf.net analyst team.
In the United States, the highly anticipated FOMC interest rate decision came in at +0.25%, matching widespread expectations. Moreover, the FOMC reiterated, “The Committee will closely monitor incoming information on economic and financial developments in coming months. The Committee will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as appropriate, until the outlook for the labor market has improved substantially in a context of price stability.”