USD - Weak Bullish
1️⃣ The Fed insists that the economy has made progress toward inflation and employment targets, and if this progress continues as expected, a reduction in asset purchases may be needed.
2️⃣ 9 out of 18 policymakers have voted for an interest rate hike as early as 2022, compared to 7 votes in June.
3️⃣ The Fed also hinted that an interest rate hike will be achieved sooner than previously expected.
CHF - Strong Bearish
1️⃣ Sentime risk-on can weaken safe-haven currencies like CHF.
2️⃣ The SNB also reiterated that it is always ready to intervene in the Forex market if necessary to reduce the value of the CHF.
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Technical
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We are buying the USDCHF after it rebounded at the support level.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
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