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Forex

USD/CHF Consolidates After Overdone Rally to 0.8265

Guavy AI Editorial Team
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CHF
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USD/CHF has staged an overdone rally toward 0.8265 according to United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann.

The pair is now expected to consolidate between 0.8225 and 0.8275 in the near term, with momentum remaining strong but not yet sufficient to break above 0.8300.

In their latest analysis, UOB noted that USD/CHF had broken above both key resistance levels at 0.8205 and 0.8245, but it's too early to tell whether the momentum is enough for a breakout above 0.8300.

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