USD/CHF Pair Reclaims Ground After Brief Dip Below 100-Day SMA
The USD/CHF pair saw a brief dip below the 100-day SMA at 0.7975 on Wednesday, but buyers re-emerged to help the pair regain ground.
The US Dollar had stabilized after a previous day's broad weakness, which pushed the pair below the 0.8000 psychological mark and to its lowest level since June 17.
As of Thursday, USD/CHF trades around 0.7998, having bounced from an intraday low of 0.7949.