Dollar franc slips ahead of Fed decision

Dollar franc on the fundamental level

The USDCHF is slightly lower and trading in a tight range ahead of today's Fed decision, the calm before the storm, with markets anticipating a sharp cut in interest rates, meaning the Federal Reserve may lower them but cautioning against expecting a full easing cycle.

Any rebound in the dollar may be limited as traders have heavily factored in the cut, leaving little room for any sudden rally. It will be important to follow the press conference and Fed Governor Jerome Powell's speech after the decision.

Dollar franc on a technical level

The pair is trying to form a harmonic bat pattern, targeting 0.7910 and before that, 0.8000.

If the pair rises and breaks above 0.8125 and closes above it, it may push the pair to rise again.