The USD/CHF pair hovers around the six-month high of 0.9150 in Wednesday’s early American session.
USD/CHF oscillates near a six-month high around 0.9150, exhibiting strength ahead of crucial US data. The SNB is expected to extend the rate-cut cycle in June. The Fed sees the current interest rate policy framework as appropriate. The near-term outlook of the Swiss Franc asset remains bullish, with expectations of further escalation in policy divergence between the Fed eral Reserve and the Swiss National Bank .
9110, which is plotted from 1 November 2023 high plotted on a daily timeframe. The asset is expected to extend its upside as the upward-sloping 20-day Exponential Moving Average near 0.9075 suggests an upbeat near-term outlook. The 14-period Relative Strength Index oscillates in the bullish range of 60.00-80.00, indicating that a bullish momentum is still active. Going forward, an upside move above intraday high of 0.9153 will drive the asset towards the round-level support of 0.9200.
Fed SNB Inflation Supportresistance
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