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USD/CHF rangebound ahead of FOMC minutes

FXStreet (Córdoba) - USD/CHF remains trapped in a narrow range Wednesday unable to set a short-term direction as investors remain sidelined ahead of the FOMC minutes release.

The pair has traded in wait-and-see mode within a narrow range over the last sessions, bounded by 0.9555 on the downside and 0.9600 on the upside. At time of writing, USD/CHF is trading at the 0.9580 zone, recording a 0.15% gain on the day.

USD/CHF levels to watch

As for technical levels, USD/CHF could find immediate resistances at 0.9600 (psychological level/intraday high/100-hour SMA), 0.9624 (Oct 7 high) and 0.9686 (2014 high Oct 6). On the flip side, supports could be found at 0.9555 (Oct 8 & 7 lows/10-day SMA), 0.9531 (Oct 3 low) and 0.9500 (psychological level).

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