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During the Asian session, the USD/CHF pair is moderately declining, correcting after moderate growth yesterday around 0.9265.

Demand for the US currency increased significantly after the publication of the final minutes of the last meeting of the US Federal Reserve this year, where the regulator raised the interest rate by 50.0 basis points to 4.5%, starting to slow down the pace of monetary tightening. Analysts expect the agency to remain hawkish next year as inflation sits at 7.1%, well above its 2.0% target, and the US economy shows resilience. On Thursday, investors drew attention to disappointing data on the dynamics of retail sales for November, which fell by 0.6% after increasing by 1.3% last month, although experts expected the negative dynamics of –0.1%, while industrial production decreased by 0.2% compared to forecasts of growth by 0.1%.

The Swiss National Bank (SNB) announced its decision to raise interest rates by 50.0 basis points to 1.0%, the highest since the 2008 financial crisis. Officials of the regulator noted that they do not exclude further monetary policy tightening if the economic situation requires it.

On the daily chart, Bollinger Bands are steadily declining: the price range is narrowing, reflecting the ambiguous nature of trading in the short term. MACD is growing, forming a poor buy signal (the histogram is above the signal line). Stochastic is showing similar dynamics, retreating from “20”, which reflected that the US dollar was oversold in the ultra-short term.

Resistance levels: 0.9300, 0.9350, 0.9400, 0.9478. | Support levels: 0.9250, 0.9200, 0.9150, 0.9100.