The USD/CHF tests the 1.1550 support ahead the rate decision - The Dollar has fallen around 65 pips against the CHF in the vladamir European session after be rejected by the 1.1600 resistant level and looking for the SNB rate decision at 13h GMT.The USD/CHF rally from the 1.1490, along the Asian session, was capped at 1.1604 in the beginning of the European session, the, the pair has begun to falls to reach the 1.1540 level. "The technical outlook for the CHF is mixed. A break below 1.1435, the March 10th low could set the stage for a move to the 2009 low of 1.1315 made on January 20th."Valeria Bednarick, Collaborator, says,. Currently, the pair is trading around the 1.1550/70 band, looking for the SNB rate decision, market expects a cut of 25 basis points from the 0.50% to the 0.25%.Michael Malpede, Analyst at EasyForex, says that SNB rate decision may spark selling of CHF.

USD/CHF has been trading in a broad range between 1.1515 -1.1825 .The combination of SNB rate cut and move to quantitative ease could spark a retest of the 1.1800 level.