Forex Trading

The Swiss National Bank reaffirmed its stance that it will prevent excessive Franc appreciation following its last policy meeting, where members voted to leave the target interest rate unchanged at 0.25%. However, the central bank did raise its outlook for inflation and growth which along with continued risk appetite has helped fuel a Franc rally. The USD/CHF is currently testing staunch support levels which could see bearish conviction wane with the looming threat of intervention, creating an ideal scalping environment.