USDCHF Chart Technical Outlook

USDCHF Chart Technical Outlook is looking for direction ahead of the Fed minutes

The US Dollar remains trapped within a horizontal range below 0.9000, with RSI levels in the 4H chart hovering around the 50 levels, suggesting a lack of a clear trend.

Investors are showing a cautious mood awaiting the minutes of the last Fed meeting when to see the odds for two more rate hikes hinted at in Chairman Powell’s press release.

The minutes are expected to have a positive impact on the USD, which might help the pair to attack the 0.9010 resistance area, ahead of 0.9065. Support levels are 0.8945 and 0.8905.

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