USDCHF Chart Technical Outlook can push higher to test May’s high amid hawkish Fed comments
USD CHF short-term bias is bullish as more Fed hawkish comments hit every day recently, while the broad bias remains bearish as SNB is still a hawkish central bank with more hikes expected.
The pair trades above its weekly and monthly VWAP, and the 4H RSI exceeds 50.
I expect an initial upward price action while the FOMC minutes and the US core PCE data will trigger what comes next for USD.
Resistances are at 0.9050 and 0.9130, while supports are at 0.8980 and 0.8940.
