Swiss Franc: Range-bound trading outlook against US Dollar – UOB
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann see USD/CHF stuck in tight ranges across timeframes. Intraday, they expect the US Dollar (USD) to hold between 0.8185 and 0.8230 as prior downside momentum has faded.
UOB analysts Quek Ser Leang and Lee Sue Ann predict a range-bound trading outlook for the Swiss Franc (CHF) against the US Dollar (USD). In the short term, they anticipate USD to trade between 0.8185 and 0.8230, while over a period of 1-3 weeks, they see consolidation between 0.8155 and 0.8255. Over a longer timeframe of 1-3 months, they suggest the potential for a rebound but do not expect a retest of the July peak.
Their 24-hour view indicates that the slight increase in downward momentum suggests USD is likely to trade with a downside bias toward 0.8190, with the next support at 0.8155 not under threat.
Brief written by urgent.news from FXStreet's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
