18 Aug 2015
USD/CHF: Will it hold in ranges after Fed minutes?
FXStreet (Córdoba) - USD/CHF continues to trade around 0.9770, for the third day in a row. The pair has been moving with support at 0.9720 and resistance below 0.9800. It continues to move without a clear trend in the short term.
USD/CHF ahead of CPI and Fed
On Wednesday, CPI data will be released and also the Federal Reserve will publish the minutes from their latest meeting. Both have a considerable potential to impact on the currency market, increasing or reducing the likelihood of a rate hike.
A dovish message form the Fed could trigger a bullish run of the US dollar and push USD/CHF above 0.9800. A consolidation on top of the mentioned level could expose August highs that lie at 0.9900.
A low CPI reading or signals that the Fed would delay the liftoff could weakened greenback sending the pair toward 0.9700; below the next support could be located at 0.9645.
USD/CHF ahead of CPI and Fed
On Wednesday, CPI data will be released and also the Federal Reserve will publish the minutes from their latest meeting. Both have a considerable potential to impact on the currency market, increasing or reducing the likelihood of a rate hike.
A dovish message form the Fed could trigger a bullish run of the US dollar and push USD/CHF above 0.9800. A consolidation on top of the mentioned level could expose August highs that lie at 0.9900.
A low CPI reading or signals that the Fed would delay the liftoff could weakened greenback sending the pair toward 0.9700; below the next support could be located at 0.9645.