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Swiss Franc: Upside bias holds despite US Dollar rebound - UOB

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF plunged to 0.8215 on Friday before rebounding to 0.8239, which has slowe

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF plunged to 0.8215 on Friday before rebounding to 0.8239, which has slowed immediate downside momentum.

Intraday, the pair is expected to consolidate between 0.8220 and 0.8270.

On a 1–3 week view, however, the bank still sees scope for additional Dollar weakness, with a potential move toward 0.8200 while strong resistance is now marked at 0.8300.

Market commentary only, not advice. 70 words on the desk. Trading involves risk. Headline credited to FXStreet.

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