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USD/CHF seen range bound as price action stays quiet

Analysts at UOB expect intraday trading between 0.8310 and 0.8345, while projecting a wider 0.8245 to 0.8365 range over 1 to 3 weeks.

Reported · Written up by our desk · Major Pairs

UOB strategists Quek Ser Leang and Lee Sue Ann say USD/CHF has shown quiet price action and is likely to remain range bound in the near term, according to FXStreet.

For the 24-hour view, they expect the pair to trade between 0.8310 and 0.8345, with the recent session also moving within that band near 0.8311 to 0.8341.

Looking ahead 1 to 3 weeks, UOB reiterates that USD/CHF is likely in a range-trading phase between 0.8245 and 0.8365.

On a 1 to 3 month horizon, they see scope for a further rebound, but with limited momentum to retest the July peak.

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