USD/CHF consolidates between 0.8265 and 0.8305 as UOB analysts signal limited upside potential and flat momentum following a recent peak at 0.8313.
UOB strategists expect USD/CHF to consolidate between 0.8265 and 0.8305 in the near term, with a possible test of 0.8320 but low odds of a sustained break higher.
UOB strategists anticipate a period of consolidation for the USD/CHF pair following a failed attempt to clear resistance at 0.8313. With momentum indicators flattening, the pair is expected to trade within a tight range of 0.8265 to 0.8305 over the next 24 hours.
UOB strategists expect the pair to consolidate between 0.8265 and 0.8305 over the next 24 hours due to flat momentum.
While a test of 0.8320 is possible over the next 1-3 weeks, analysts view the odds of a sustained break higher as low.