Swiss Franc: Gradual gains toward 0.8200 against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann describe USD/CHF price action as directionless intraday, expecting a 0.8225–0.8260 range as momentum remains muted. On a 1–3 week horizon they retain a bearish bias, looking for a move toward 0.8200 while keeping strong resistance at 0.8275. Their earlier 1–3 month view had anticipated a rebound, but not enough momentum to…
UOB strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF has been directionless in recent trading, with expectations of a 0.8225-0.8260 range. Over the next 1-3 weeks, they retain a bearish outlook, targeting a move to 0.8200 while maintaining resistance at 0.8275. Their earlier 1-3 month projection of a rebound failed to materialize as momentum remained insufficient to reach the July peak of 0.8206.
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