UOB analysts project USD/CHF consolidation between 0.8125 and 0.8185 in the short term, with a potential downside test of 0.8110 before any meaningful recovery.
UOB strategists see USD/CHF consolidating after USD fell to 0.8124 on Wednesday and rebounded to close at 0.8165 (-0.04%), with flat momentum indicators. They expect a 0.8125-0.8185 range for 24 hours and a possible dip toward 0.8110 in 1-3 weeks before recovery risk rises, capped by 0.8205. This is a routine technical outlook, not a market-moving event.
In the next 24 hours the pair is expected to trade between 0.8125 and 0.8185, and over 1-3 weeks there is a chance of a dip toward 0.8110 before a recovery becomes more likely, with 0.8205 as strong resistance.
A break above 0.8205 would mean the USD decline from one week ago has run its course, per the UOB strategists.
UOB strategists maintain a neutral outlook for USD/CHF as momentum indicators remain flat. The pair is expected to trade within a 0.8125 to 0.8185 range over the next 24 hours, with a potential test of the 0.8110 support level in the coming weeks.
In the next 24 hours the pair is expected to trade between 0.8125 and 0.8185, and over 1-3 weeks there is a chance of a dip toward 0.8110 before a recovery becomes more likely, with 0.8205 as strong resistance.
A break above 0.8205 would mean the USD decline from one week ago has run its course, per the UOB strategists.