FXStreet — The USD/CHF is fighting for an Expansion of the upward movement to the 3-day high, while trading in a narrow Range just above 0,9750.
The cautious mood at the opening of the European stock markets, together with the slight Retracement of the US Treasury bond yields, offered the safe haven of the Swiss franc in a support, and it is an important factor for a new bullish seems to be impulse.
The USD seems to be in a bullish consolidation phase passed and this contributed to yesterday’s rebound from 6-month low, which has been formed on Monday.
On Wednesday the FOMC meeting minutes in focus, as this may affect the expectations of the June Fed rate increase, and there may also be clues on further interest rate increases this year, which has an impact on the direction of the pair.
Today, expect us from the US , the sales of existing real estate , what are the short-term-minded traders, a pulse can deliver.
• Expiring FX options of today’s NY trading
Resistances lie at 0,9775, 0,9800 and 0,9820/25. On the other hand, supports are located under 0,9750, 0,9735-30, 0,9700 and 0,9685.
** FXStreet News Editorial, FXStreet**