The USD/CHF pair jumped to 0.9927, the highest level since Monday after the announcement. Shortly afterwards retreat erasing most of the gains and moved back toward 0.9900. As of writing, trades at 0.9910, marginally higher for the day.
The pair still shows a bullish bias that will likely prevail as long as it remains on top of 0.9890. On the upside, the immediate resistance might be seen at the 0.9925 zone and above attention would turn to last week high at 0.9945.
The pair still shows a bullish bias that will likely prevail as long as it remains on top of 0.9890. On the upside, the immediate resistance might be seen at the 0.9925 zone and above attention would turn to last week high at 0.9945.