Swiss franc bounces from five-year high vs dollar ahead of Fed

The pair bounces from five-year low (0.9009) on Wednesday, as traders booked profits ahead of release of Fed minutes, in attempts to catch better opportunities to re-enter bearish market.
Current action was signaled by rising bullish momentum and daily stochastic / RSI reversing from oversold territory, but is not expected to last, according to dollar-weak fundamentals.
The greenback continues to weaken across the board, pressured by rising risk sentiment on hopes that global recovery is picking up, lack of progress in handling the second wave of coronavirus and concerns over the agreement about the latest fiscal aid package, which remains stuck in the Congress.
Markets focus the release of Fed July meeting minutes for hints of further action the central bank may take in September, but prevailing expectations that the Fed would keep the current policy until the end of 2020 and through 2021, discourage those who expect the greenback to take more significant recovery.
According to current circumstances, recovery attempts should be capped at 0.9200/30 zone before bulls re-take control, with break of round-figure 0.9000 support to expose next target at 0.8882 (monthly cloud base).

Res: 0.9108; 0.9131; 0.9200; 0.9240
Sup: 0.9050; 0.9009; 0.8882; 0.8705