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USDCHF touched post FOMC react lows....>

DOLLAR-SWISS
DOLLAR-SWISS: USDCHF touched post FOMC react lows of Chf0.9895 yesterday (Lowest
since Jan 16), before bouncing back above the 200-dma (Chf0.9922) around the NY
close. Recovery efforts have so far remained shallow and keeps the downside in
check with bears focus on a close below this key level today. Below here would
confirm a bearish break, opening the Jan 16 low & 61.8% retracement of
Chf0.9716-1.0124 at Chf0.9873/72. USDCHF last Chf0.9927.
- Focus turns to the SNB rate decision at the bottom of the hour where its
widely expected to keep policy on hold. 

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