Fed Cuts Rates by 0.25%, Many Regional Governors Dissent, US Dollar Breaks Below Key Support; Bank of Canada Holds Rates at 2.25%; Silver Nears $63 for New All-Time High; Australian Unemployment Rate Unchanged; Swiss National Bank Expected to Hold Rates
USD/CHF reversed early weakness and is pressing resistance near 0.81, with traders watching 0.8150 and the 200-day EMA for a breakout. FOMC messaging and Swiss National Bank intervention remain central to the pair’s long-term direction.
GBP/CHF softened slightly after a strong multi-week rebound, with traders watching support near 1.07 and interest-rate differentials that still favor the Pound.
GBP/CHF extended its climb on Monday, testing key resistance at 1.0750 as SNB intervention fears weigh on the franc, with support seen at 1.07 and 1.0650 in a broader bullish trend.
USD/CHF pushes higher as SNB intervention talk and solid support at 0.79 attract dip-buying ahead of the Fed decision, with the broader bias remaining bullish.
The US dollar is attempting a bullish reversal against the Swiss franc, with resistance near 0.81 and support from interest-rate differentials and a dovish Swiss National Bank stance.
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