USD/CHF Technical analysis
The counter is in a bullish trend forming higher highs and higher lows.
It moved past a critical resistance of 1.01263 in its uprally as well.
Prior to the FOMC meeting, the counter has a profit booking sell-off which can be attributed to a flag pattern, technically.
The post-meeting press conference has bolstered bullish confidence in the counter, which can be seen via a bullish engulfing candle.
Also, the broken resistance of 1.01263 is lending support to the price action.
Hence we expect the pair to move to the levels of 1.02272 and 1.02678.
It moved past a critical resistance of 1.01263 in its uprally as well.
Prior to the FOMC meeting, the counter has a profit booking sell-off which can be attributed to a flag pattern, technically.
The post-meeting press conference has bolstered bullish confidence in the counter, which can be seen via a bullish engulfing candle.
Also, the broken resistance of 1.01263 is lending support to the price action.
Hence we expect the pair to move to the levels of 1.02272 and 1.02678.
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