The USD/CHF pair is set for another week of trading as investors keep a close eye on key economic data and events. Last week, the pair saw some volatility as market participants weighed the impact of the US Federal Reserve’s decision to maintain its current monetary policy stance. The Swiss Franc also saw some movement as the Swiss National Bank reiterated its commitment to keeping interest rates low.
Looking ahead, traders will be watching for any developments in the US economy, including the release of important data such as the non-farm payrolls report. Any surprises in these figures could lead to increased volatility in the USD/CHF pair.
Technical analysis shows that the pair remains in a sideways trading range, with key support at 0.9100 and resistance at 0.9300. Traders should keep a close eye on these levels as they could provide important clues about the direction of the pair in the coming week.
Overall, the USD/CHF pair is likely to remain range-bound in the near term as traders wait for fresh catalysts to drive the market. Keeping a close watch on economic data and events will be crucial for traders looking to make informed decisions in the coming week.