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Swiss Franc: Downside risk builds against US Dollar - UOB

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Swiss Franc: Downside risk builds against US Dollar - UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/CHF extended its rapid rise to 0.8278, leaving short-term conditions overbought but still allowing scope for a test of 0.8290, with limited potential for sustained gains above that level. On a 1–3 week horizon, upward momentum is building from a previously neutral stance, and a daily close above 0.8290 could open room toward 0.8320, provided 0.8230 holds as strong support.

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