USD/CHF continues to increase, thanks to hawkish statements of Fed Chairman Jerome Powell. Many now expect more aggressive rate hikes from the Fed, which in the future may lead to the levels reached in mid aughts. But for this, the central bank will have to carry out a monthly 0.50% increase starting May.
Technical picture:
The quote is above the middle line of the Bollinger indicator, above EMA 5 and SMA 14 The relative strength index (RSI) is horizontally below the overbought level, while the stochastic indicator is in the overbought zone.
Possible dynamics:
A consolidation above 0.9545 could provoke an increase to 0.9600.
