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USD/CHF holds near 0.8090 as traders expect near-term range
UOB expects USD/CHF to consolidate between 0.8070 and 0.8105 over the next few days, with a wider 0.8055 to 0.8155 band over one to three weeks.
UOB analysts at FXStreet described USD/CHF as largely directionless, with the pair closing near 0.8090 after trading in a narrow intraday range.
They said momentum indicators are mostly flat and expect consolidation to persist in the short term, forecasting USD/CHF to trade between 0.8070 and 0.8105.
Looking further ahead, UOB sees the pair holding a broader 0.8055 to 0.8155 range over one to three weeks.
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