USD/CHF Sees Mild Downside Bias Amid Range Trading

According to United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann, USD/CHF has a mild downside bias in the short term. They expect support near 0.8190 while keeping 0.8155 intact.

The analysts predict a range between 0.8155 and 0.8255 for the next one to three weeks, as prior upside momentum has faded. This means USD/CHF is likely to trade within this defined range.

Looking ahead to the next one to three months, Quek Ser Leang and Lee Sue Ann still see scope for a rebound, but not a retest of the July peak.