Swiss Franc: Watching break of 0.8205 against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann see USD/CHF consolidating just below major resistance at 0.8205 after trading between 0.8164 and 0.8198.
UOB analysts Quek Ser Leang and Lee Sue Ann observe USD/CHF consolidating just below a key resistance level at 0.8205. Over the past 24 hours, the pair traded between 0.8164 and 0.8198. They point out that a brief move above 0.8205 is possible, but a sustained break is not guaranteed. To reach their target of 0.8245, the pair must hold firmly above 0.8205. Strong support is noted near 0.8145.
Looking ahead over the next 1-3 weeks, UOB maintains its previous view that USD must break and hold above 0.8205 before targeting 0.8245. If USD breaks below 0.8145, it would indicate that the recent upside momentum from the previous week has ended.
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