Swiss Franc: Range trading persists against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF remains in a tight range in the short term, with intraday levels clustered around 0.8300. Their 1–3 week view maintains a broader consolidation band, while the 1–3 month outlook suggests the pair could continue rebounding but lacks momentum to revisit its July peak.
UOB strategists Quek Ser Leang and Lee Sue Ann have observed that the USD/CHF currency pair continues to exhibit range trading behavior against the US Dollar. Currently, intraday levels are clustered around 0.8300, within a narrow range of 0.8290 to 0.8335. The broader 1-3 week outlook suggests the pair may continue to rebound, but it lacks the momentum to surpass its July peak.
In the 1-3 month timeframe, a continuation of this rebound is anticipated, yet again, there's no evident momentum to reach the July high. Their short-term view remains accurate, as the USD indeed traded within a tighter range of 0.8296/0.8326, rather than the broader range initially predicted.
Written by urgent.news from FXStreet's reporting — not their 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.
