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Forex pairs in this Article » USD/CHF (Córdoba) - With the main exception of the yen, the USD weakened versus most competitors after the Federal Reserve announced a more aggressive stimulus policy, as expected.

USDCHF fell to a 9-day low of 0.9242 after the statement which also showed the bank shifted its communication strategy specific levels of unemployment and inflation that might prompt the Fed to raise interest rates.

With focus now on the upcoming Bernanke speech, USDCHF is currently trading at 0.9260, 0.7% below its opening price. If the pair breaks below 0.9240, next supports are seen at 0.9215 and 0.9190, while resistances could be found at 0.9300 (psychological level), 0.9330 (21-day SMA) and 0.9370 (Dec 11 high).
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