The USDCHF currency pair has been moving within the flat for more than six months with the bottom boundary of 0.91 and the top boundary of 0.9375.
Now, the price is approaching the top boundary of the flat of 0.9375. In case of an upward breakdown, the movement may continue to the last year's maximum of 0.947.
At the same time, the Fed meeting will be held on Wednesday and market participants can expect its results before active actions start. The option of fixing positions in dollars is not excluded if there is a rise in the key rate which will not let USDCHF leave the flat and push this currency pair towards the level of 0.91.
This content is for informational purposes only and is not intended to be investing advice.
