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Forex

USD/CHF Eyes 0.8200 as Yen Intervention Speculation Weighs

Guavy AI Editorial Team
Instruments
USD JPY CHF
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The USD/CHF exchange rate has held near the 0.8120 level after speculation of Yen intervention in the FX markets.

This comes as the pair depreciated against the Japanese currency, dragging it from a five-week high to its current levels.

According to technical analysis, the Relative Strength Index (RSI) has turned bullish, hinting at further upside in the corrective trade.

To confirm a bullish continuation, the USD/CHF must clear the day's high of 0.8156 and challenge the 0.8200 level.

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