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Forex: USD/CHF testing the 0.9300 level after FOMC leak

FXstreet.com (Barcelona) - The USD/CHF fell sharply off the 0.9320 level after the FOMC minutes leaking Wednesday were brought to the forefront ahead of schedule. At the time of writing, the pair testing the 0.9300 level, down -0.21%.

According to the ICN.com analyst team, “The USD/CHF’s trading tends to the downside proving extending the effect of the Double Top Pattern and breaking the ascending channel. In particular, the downside move might extend by stability below 0.9400 during the rest of today’s session.”

After a leaking of the FOMC minutes, investors learned that members saw little change in outlook from the prior meeting and a number of participants saw QE tapering at around mid year.

The technical analyst team at Mataf.net points to supports at 0.9298, down to 0.9274, and finally 0.9239. On the ascension, a thrust above 0.9357 will initiate resistances at 0.9392 and finally 0.9416.

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