USD/CHF to multi-week highs ahead of Fed decision

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• USD/CHF tallies a sixth consecutive day of gains, rising to a high above 0.9100 and then settled at 0.9080.
• The market’s mood is cautious ahead of the Fed decision on Wednesday which favours the USD.

On Tuesday, the USD/CHF extended its gains and rose to its highest level since mid-month,  above 0.9100 and now trades above its primary 20,100 and 200-day Simple Moving Averages (SMAs). Daily market movers for the pair included mid-tier housing, consumer confidence and economic activity figures from the US but the Greenback is strengthening ahead of the Federal Reserve (Fed) decision on Wednesday.