USD/CHF Price Analysis: US Dollar bounces from session’s lows, trades near 0.9800 figure

 

 

 

USD/CHF is consolidating gains for the third consecutive day just above the main SMAs. The Fed extended its Quantitative Easing program with a slightly negative reaction on the US dollar which is consolidating against most currencies.

 

 

USD/CHF’s bull trend remains intact as the spot is trading above its main SMAs. The quote retreated below the 0.9800 figure but found support near the 0.9750 level as expected. Bulls remain in control and are looking for a break above the 0.9900 figure for a run to the parity level.