USDCHF 27th JULY 2022

٢٧ يوليو ٢٠٢٢

The Federal Reserve is expected to hike interest rates by three-quarters of a percentage point on Wednesday,, the highest in 30 years since November 1994. Fed Chair Jerome Powell said the move was important to lower inflation while stabilizing prices. However, he admits that aggressive interest rate hikes are quite risky.

USDCHF, Mid-term bullish possibility.
Reason : H8 Rebound support area , H2 Breakout resistance area.
Target : 0.977 - Resistance area.