USDCHF

USDCHF

Yesterday, Powell told a congressional hearing on his confirmation for a second term at the helm of the central bank that the economy could weather the COVID-19 surge and was ready for tighter monetary policy, but said it may take several months to make a decision on running down the Fed $9 trillion balance sheet.

As long as the USDCHF pair stays above 0.9186 on a four-hourly basis, we will see a resistance level at 0.9322. On the other hand, If the pair drops below 0.9186, the next support level will be at 0.9064.

Support : 0.9186 - 0.9130 - 0.9064

Resistance : 0.9322 - 0.9437

12 Jan 22 (Wed)

01:22 pm



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