USD/CHF received a boost and regained the 0.9300 mark on Wednesday, underpinned by broad Dollar gains as investors await the FOMC meeting.

Following a consolidation phase below 0.9300, USD/CHF climbed nearly 70 pips throughout the European session and recently hit a 2-day high of 0.9338. At time of writing, the cross is quoting around 0.9330/35, where it records a 0.6% gain on the day.

The Mataf.net analyst team sees neutral short term bias for USD/CHF, while above 0.9330 locates next resistances at 0.9375 and 0.9410. Supports are seen at 0.9290, 0.9235 and 0.9185.

The Fed is due to release new long-term interest rate forecasts at the end of its first meeting of 2012 later on Wednesday.

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