Swiss Franc: Range trading holds for now against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF price action has been quiet, with the pair expected to stay confined intraday between 0.8310 and 0.8345. Over a 1–3 week horizon, they reiterate that USD/CHF has likely entered a range-trading phase between 0.8245 and 0.8365. On a 1–3 month view, they see scope for further rebound but limited momentum to revisit the July peak.
UOB strategists, Quek Ser Leang and Lee Sue Ann, indicate that USD/CHF has been experiencing quiet movement with the pair anticipated to remain confined between 0.8310 and 0.8345 on an intraday basis. Looking at a 1-3 week timeframe, they have reiterated that USD/CHF seems to have entered a range-trading phase between 0.8245 and 0.8365.
For the 1-3 month outlook, they suggest there is potential for a further rebound, but momentum to recapture the July peak remains limited. Yesterday, they had anticipated USD to trade between 0.8305 and 0.8340, and today, they expect USD to trade within a range of 0.8310 and 0.8345.
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