The USD/CHF is recovering ground from all time lows and recently reached a fresh daily high at 0.8035, approaching to Wednesday’s high that are located at 0.8045. The pair bottomed on European hours at 0.7988, record low.
Slobodan Drvenica, analyst at Windsor Brokers Ltd affirms that the pair remains in a near-term narrow range sideways trade. “Current consolidation is seen preceding fresh leg lower, as near-term studies remain negative, with 0.7950/00 in focus.” To the upside, the analyst says that only a regain of 0.8075 would ease immediate bear pressure.
The Swiss Franc is also moving off session highs against its European rival as market sentiment improves in Europe and in the US.
Slobodan Drvenica, analyst at Windsor Brokers Ltd affirms that the pair remains in a near-term narrow range sideways trade. “Current consolidation is seen preceding fresh leg lower, as near-term studies remain negative, with 0.7950/00 in focus.” To the upside, the analyst says that only a regain of 0.8075 would ease immediate bear pressure.
The Swiss Franc is also moving off session highs against its European rival as market sentiment improves in Europe and in the US.
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