The USD/CHF pair is trading higher around 0.9210 ahead of the Fed rate decision. The pair remains bullish with an overbought RSI condition. The first resistance level is at 0.9245, while support is at 0.9155.
USD/CHF has climbed to 0.9210 in early European trading due to a strong demand for the US Dollar. The Fed is expected to maintain its current policy rate range on Wednesday, supporting the Greenback.
Technically, USD/CHF looks bullish on the four-hour chart, with the RSI in bullish territory. However, the overbought RSI suggests some consolidation may occur before further upside.
A break above 0.9210 could lead to a rally towards 0.9245 and potentially to 0.9300. On the downside, support is at 0.9155 and 0.9134, with a key level at 0.9100–0.9110.
Overall, USD/CHF is maintaining a bullish outlook, but some consolidation may be expected before any significant moves.